10/22/26 The Good, the Bad & the Notorious: Moneywise Meets Robert Petersen

The Moneywise Radio Show and Podcast Thursday, October 22nd BE MONEYWISE. Moneywise Wealth Management I "The Moneywise Radio Show & Podcast" call: 661-847-1000 text in anytime: 661-396-1000 website: www. MoneywiseGuys.com https://www.moneywiseguys.com/ facebook: Moneywise_Wealth_Management https://www.facebook.com/moneywiseguys/ LinkedIn: Moneywise_Wealth_Management https://www.linkedin.com/company/moneywise-wealth-management-bakersfield/ Guest: Robert Petersen, Host of the "Notorious Bakersfield" Podcast website: https://www.notoriousbakersfield.com/ Notorious Bakersfield Presents: An Evening with Gil Carillo: https://www.prekindle.com/promo/id/-2852527949005211892 The opinions voiced in this podcast are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision. Robert Petersen and Notorious Bakersfield are not affiliated with nor endorsed by LPL Financial or Moneywise Wealth Management

• 0:00Speaker 00

  Live from the basement inside the historic Woolworths Building in downtown Bakersfield.

• 0:05Speaker 01

  Call or text in at 661-396-1000.

• 0:09Speaker 02

  I need a dollar, dollar, dollar, that's what I need. Hey, hey, well, I need a dollar, dollar, dollar, that's what I need. Hey, hey, said I need dollar, dollar, dollar, that's what I need. And if I share with you my story, would you share your dollar with me? Securities offered through LPL Financial, member FINRA, SIPC. Investment advisory services offered through LPL Financial. LPL Financial and MoneyWise Wealth Management are independently owned and operated.

• 0:37Speaker 00

  Now, let's start the Money Wise Show.

• 0:40Speaker 03

  And welcome to the Money Wise Show. We're live from the basement of the historic Woolworths Building in downtown Bakersfield. For the next hour, you are on News Talk 96.1 and 1230 AM, KERN, streaming live at MoneyWiseGuys.com. You can call or text into the show 24 hours a day at 661-396-1000. We are your hosts. I'm Sharad Waite and

• 1:03Speaker 04

  Debbie Lewis.

• 1:04Speaker 03

  Hey Debbie.

• 1:05Speaker 04

  Hey Sharad.

• 1:06Speaker 03

  It's so fun to do this show at different hosts.

• 1:10Speaker 04

  I know. I mean, Justin's great and all, but no, you and I used to do the show together pretty regularly.

• 1:18Speaker 03

  Yeah, we did. Yeah, we did. And now here we are again.

• 1:24Speaker 04

  I love it.

• 1:25Speaker 03

  Together.

• 1:25Speaker 04

  Dusting it off.

• 1:27Speaker 03

  We have some really good listener questions that we've been researching, I've been researching into here. I'm really excited to get to. So I think it's a good, good place to start. You have them there? Do you want to?

• 1:39Speaker 04

  Yeah, yeah, yeah, I've got you. First one, Meta is worth how much?

• 1:44Speaker 03

  Yeah.

• 1:45Speaker 04

  Lots of question marks and exclamation marks on that comment, question.

• 1:49Speaker 03

  Yeah, yeah, we talked about this yesterday, on yesterday's show, the, there was a legal judgment against Meta Platforms, the parent company of Facebook. It was for $25 billion. This is an enormous amount of money, right? 25 billion is a lot. And I mentioned this to Emily on the show. I was like, that's 25 billion, you know? And, and, and I brought up the point that, well, or Emily brought up the point that, well, how much is that to Facebook? Like, what does that mean to them?

• 2:19Speaker 04

  Right.

• 2:19Speaker 03

  Because 25 billion, what are they worth? Well, they're worth almost $2 trillion. As of today, about $1.8 trillion. That's what they're worth. That's what their value is. So if you sold all of their shares, if all of their shares were cashed in

• 2:36Speaker 04

  Right.

• 2:36Speaker 03

  And you didn't, it didn't change the price of them, you'd have nearly $2 trillion. So that's like half of our country's annual budget is in the value of one company. We have a handful of companies now that are over, worth over a trillion dollars.

• 2:53Speaker 04

  Who are some of the other ones, the bigger ones? Okay.

• 2:56Speaker 03

  Alphabet.

• 2:57Speaker 04

  Yep.

• 2:58Speaker 03

  Microsoft.

• 2:58Speaker 04

  Which is Google, Alphabet is Google related.

• 3:01Speaker 03

  Yeah, Microsoft, Nvidia.

• 3:05Speaker 04

  Yep.

• 3:07Speaker 03

  There's others that I'm missing, but those are, you know, they're all, you know, we're in the trillions now. We have

• 3:13Speaker 04

  With a T.

• 3:14Speaker 03

  With a T. But their revenues roughly are $228 billion in annual total gross revenues. They profit about $70 billion in annual profits. It's just, just their profit is $70 billion. So, you know, I didn't mention that all of these numbers yesterday, because if you think about $25 billion and their profits are $70 billion, okay, they're, they're going to lose like a third of their profits roughly.

• 3:42Speaker 04

  Right.

• 3:42Speaker 03

  Or, you know, just, just around there. But if you look at the total value of what they're worth, it's less than 2% of what they're totally worth. So 1.4% of what they're worth is this legal penalty. If it's as a percentage of their annual revenue, it's about 11% of their annual revenue, but it's about 36% of their annual profits. So, I mean, it's a slap on the hand.

• 4:03Speaker 04

  But like maybe an annoying parking violation ticket?

• 4:07Speaker 03

  Yeah, yeah. I mean, and for what, you know, what they've been found guilty of doing? Undermining democracy globally?

• 4:16Speaker 04

  Pretty long.

• 4:17Speaker 03

  And we're not even talking about, you know, the impact that this, this has on

• 4:21Speaker 04

  Mental health.

• 4:22Speaker 03

  Mental health and teenagers and, you know, some of these other things. This is just purely kind of the, the shenanigans with Cambridge and Atletica and, and essentially the manipulation of, of democratic elections globally. And it's because in part, they had so much power, more power than people realize, because it was the primary messaging tool and internet space for people to get on the internet.

• 4:50Speaker 04

  Facebook, Instagram and WhatsApp.

• 4:53Speaker 03

  Yes.

• 4:53Speaker 04

  Right? Those are their three big ones.

• 4:55Speaker 03

  Right. And they're like built in natives on people's cell phones. And it's, and for many of them, it's their only way, only access to really information. And so like they held a lot of power and they had a lot of data to be able to get into those minds and, and manipulate some of those, some of those

• 5:12Speaker 04

  Pay to play.

• 5:14Speaker 03

  Yeah. So, I mean, yeah, crazy, so crazy that this is, this is where we're at with, with, with Meta. Now, now they're, you know, they're kind of going all in on these. Have you seen the latest version of their glasses? They're still like creepy.

• 5:31Speaker 04

  It's

• 5:32Speaker 03

  It's still creepy.

• 5:33Speaker 04

  Disturbing.

• 5:34Speaker 03

  Yeah. Yeah.

• 5:36Speaker 04

  I don't know.

• 5:37Speaker 03

  It's wild.

• 5:37Speaker 04

  All right.

• 5:38Speaker 03

  So there's that.

• 5:39Speaker 04

  Enough of Zuckerberg.

• 5:39Speaker 03

  Yeah, yeah, let's, let's, let's move on to the next.

• 5:43Speaker 04

  The next message, please discuss RMDs. I have 1.5 million and don't need it. Options?

• 5:51Speaker 03

  Yeah, great question. I want to, I want to, I want to spend a little bit of time on this because the, there is a, there are some really good, smart planning tools that are available to everybody in reducing your required minimum distribution tax impact. So the impact that it is on all of us, when we get to that age of 73 now, we are required to

• 6:19Speaker 03

  start taking money out of our retirement accounts. This, I guess, a pessimistic way or negative perspective on this is to say, well, the government eventually wants their money. They eventually want to get their taxes.

• 6:30Speaker 04

  They will always collect somehow.

• 6:31Speaker 03

  Yeah, yeah, they just like, it's, it, it's going to come to them one way or another. And part of that effort by the government is to, when we, when we reach a certain age, well, then we are required to take out a certain percentage out of our retirement accounts. And then each year as we get older, we have to pull out more and more money. So our listeners' question is, look, essentially what I'm, I'm interpreting from their question is, I don't need those required minimum distributions. I prefer to not have to take them. I prefer it just to like stay in the account or do something else with those. And the good news is that there are lots of options that can happen with your

• 7:17Speaker 03

  retirement account and with how you handle those RMDs.

• 7:23Speaker 04

  Can you reinvest it?

• 7:25Speaker 03

  You can. You can reinvest it. And that's, that's what most people do.

• 7:29Speaker 04

  I've never thought about that. For some reason in my mind, you take it out of an investment account and it has to stay out.

• 7:34Speaker 03

  Yeah.

• 7:34Speaker 04

  But then again, how do they track that? If, yeah.

• 7:37Speaker 03

  Yeah.

• 7:37Speaker 04

  I've never thought about this.

• 7:39Speaker 03

  And that, that does relieve a lot of pressure for a lot of people when they realize, okay, I got to take it out, but I can just put it right back in a different investment. You don't want to put it back in your IRA because you don't want to be taxed on it again.

• 7:49Speaker 04

  So what's an example of an appropriate vehicle that somebody could redistribute that?

• 7:54Speaker 03

  You have your, you have your retirement account, generally for most people, it's an IRA, and then you have your after-tax retirement account. Maybe it's in a trust or maybe it's a family account. Maybe it's a TOD.

• 8:06Speaker 04

  Okay.

• 8:07Speaker 03

  Yeah, just an individual investment account.

• 8:09Speaker 04

  Or just a brokerage account?

• 8:10Speaker 03

  Just a brokerage account. You have your other investment account that's not your retirement, that's not your IRA. So you take it out of your IRA, whatever that R, that requirement distribution is, and you just put it in the other account. And you invested exactly how, you could have both accounts invested almost exactly the same. So you, you can still continue to participate in it. Now, the downside is, you still have to realize the income, that it's taxable income to you when you pull it out of the IRA.

• 8:36Speaker 04

  Right.

• 8:36Speaker 03

  So you still have to like potentially pay taxes on that money that comes out of there. But herein lies some other options for you. For example, if you are already giving to charities, there are planning tools, there are qualified charitable distributions where you can have that money go directly from your retirement account, that requirement distribution, and send it directly to your church or charity of your choice. You're, for example, if you are already donating to these charities,

• 9:05Speaker 04

  Right.

• 9:06Speaker 03

  You'd much rather give them money that is pre-tax than after-tax. Give them money that you haven't paid taxes on first.

• 9:13Speaker 04

  It's like it didn't exist.

• 9:14Speaker 03

  It's like it didn't exist. And the church doesn't pay taxes because they're nonprofit, so they don't, they don't have to worry about the taxes on it. And they just receive it directly, no tax, they don't, the church doesn't care whether it comes from your retirement account or it comes with after-tax money.

• 9:27Speaker 04

  Or a shoebox.

• 9:28Speaker 03

  Or a shoebox, whatever. You get it to them, they're going to be happy and grateful that you sent them that money. So if you're doing charitable contributions already, consider that. Now, there are some rules involved, there's some age restrictions, but this is a tool that we've done many times. We've advised this at Money Wise. I'd encourage you to work with a financial advisor. If your financial advisor's not aware of this, change your financial advisor. Give us a call at Money Wise, we can help you with this. We can also help with another tool, which is converting your IRAs from a traditional IRA into a Roth IRA.

• 10:00Speaker 04

  A conversion?

• 10:01Speaker 03

  A conversion.

• 10:02Speaker 04

  Okay.

• 10:02Speaker 03

  And the benefit to that is, when it's in a Roth IRA, you don't pay any taxes on the money that you withdraw.

• 10:08Speaker 04

  Because you've already paid the tax.

• 10:10Speaker 03

  Yes. So then you're doing, okay, so now you're, you're, you're, this is where it takes a financial advisor and some tricky calculations. And it takes a few years of implementing the strategy, but you can, you can strategically, over time, convert that traditional IRA into a Roth IRA. Yes, you still have taxes, but there's ways to minimize the taxes along the way because you're spreading it out over however many number of years. And then once it's all been converted into your Roth IRA, you're great. You're good. No more taxes on it. And

• 10:42Speaker 04

  Is that, is that a backdoor Roth?

• 10:44Speaker 03

  No, that's a separate.

• 10:45Speaker 04

  Okay.

• 10:45Speaker 03

  That's a separate thing. But there's also backdoor Roth. That's, that's a way to save more. Increase more into your retirement accounts in general. But when somebody's already, they're no longer contributing and they're sort of in those retirement years, certainly should consider a Roth conversion. And we've, we've done these calculations. I've seen this with our advisor group upstairs and sometimes I'm like, man, I can't wait for you to present this to the client because it's so great. As you can just see visually, I'm a real visual person. You can see how much, like how much money they're saving in taxes by doing this.

• 11:21Speaker 04

  Yeah.

• 11:21Speaker 03

  And it's counterintuitive because most people think, well, I don't want to have to pay the taxes on it to, you know, to do this conversion. Well, you're going to be forced to pay the taxes anyway. And if it's not you during your lifetime, it will be your kids. Your kids or your beneficiaries are going to inherit this and they're going to be forced to pull it out, not over requirement of distribution rules that are under your age. It's going to be in 10 years or less.

• 11:44Speaker 04

  Right.

• 11:45Speaker 03

  So it's like a tax time bomb that a lot of these households are sitting on.

• 11:48Speaker 04

  Just get it done.

• 11:49Speaker 03

  Yeah. See, there's some other things. I won't go into them because it'll, you know, we're going to tune out our audience, but hopefully our listener has gotten this information. You can certainly give Money Wise a call. There's, there are some definite, very good tools that we have as financial advisors that we can do this planning for you and you don't have to just keep cutting that big fat check to Uncle Sam.

• 12:12Speaker 04

  Another, just really quickly, what about funding like a college savings vehicle for a loved one? Is that an option? Like a 529?

• 12:25Speaker 03

  For reducing RMDs?

• 12:28Speaker 04

  Yeah.

• 12:28Speaker 03

  Hmm, I don't know. Maybe. Um, I mean, there is like, you can gift the money. Uh, and so, so yes, I guess there, there is a strategy of if you have money in a retirement account and, and there is an opportunity and you know, you're going to be transferring this money over to your beneficiaries. It can make sense oftentimes to start transferring that money over time in the forms of gifts.

• 12:55Speaker 04

  Right.

• 12:56Speaker 03

  Where it's under your tax bracket rather than it's going to be under their tax, under their tax bracket.

• 13:00Speaker 04

  Okay.

• 13:01Speaker 03

  And so that would-

• 13:02Speaker 04

  That startled me.

• 13:02Speaker 03

  I know, me too.

• 13:03Speaker 04

  I thought it was like a dog was barking.

• 13:05Speaker 03

  I know.

• 13:06Speaker 04

  Oh, God.

• 13:08Speaker 03

  Monty.

• 13:09Speaker 04

  Oh, I'm always thinking about my Monty boy.

• 13:12Speaker 03

  Oh, Monty. Yeah. Good stuff. Let's get to the next, uh, let's get to the next question because I'm, I really like this.

• 13:19Speaker 04

  Okay. Um, hey guys, I've been watching the stock market lately and it seems like every time I think about putting more money in, it's already gone up. Am I making a mistake by waiting for a pullback or should I go ahead and jump on in?

• 13:31Speaker 03

  The short answer is you're making a mistake for a pullback.

• 13:34Speaker 04

  Ouch.

• 13:35Speaker 03

  That's the short, that's the real short, quick answer. It is, you've heard this probably a thousand times from us on this show, Debbie, which is it's not timing the market, it's time-

• 13:47Speaker 04

  In the market.

• 13:47Speaker 03

  -in the market.

• 13:48Speaker 04

  Yeah.

• 13:49Speaker 03

  And that, the, the, the gist of it is you are gonna, you were, you were missing out on so much more growth and opportunity by trying to time the best time, by trying to get the best time to go into the market. And that delay in waiting for the right time to do it is going to be far more expensive than if you just did it and then just did it consistently or as soon as possible and then just forgot about it.

• 14:17Speaker 04

  Okay. So is a lot, like throwing in a lump sum, we'll say from your savings account, throwing it in all at one time? Is there an advantage to breaking that up and contributing in like increments?

• 14:29Speaker 03

  Potentially there's, there is some benefit in dollar cost averaging that lump sum over time, but it, in reality, it's more of a psychological benefit because what happens-

• 14:42Speaker 04

  Hit it and quit it?

• 14:43Speaker 03

  Yeah. Yeah.

• 14:45Speaker 04

  Is that appropriate?

• 14:45Speaker 03

  Yes. If they can do that, but a lot of people can't because they go, oh my gosh, I inherited this million dollars.

• 14:50Speaker 04

  Yeah.

• 14:51Speaker 03

  And the markets are like all time highs. What if I put it in now and it drops? Like that's heartbreaking for them to think, oh my gosh, it could, I could actually lose some money. Well, first of all, you, we have to assume that you've gone through the planning process to determine how it should be invested. So maybe it doesn't need to be invested or it shouldn't be invested in a way that's exposed to the stock market where you have potential loss. Like that's not everybody's jam.

• 15:16Speaker 04

  Right.

• 15:17Speaker 03

  But let's assume that there is going to be at least some portion of that money that is designated for long, you know, five, 10 years down the road. In that instance, I-

• 15:29Speaker 04

  Plug it in.

• 15:30Speaker 03

  Plug it in, put it in, just go for it and forget about it because you got five or 10 years. And if you're, otherwise, if you're just going to wait until the market's correct, you, you don't know how long that is going to be if you could-

• 15:43Speaker 04

  Who has the time to monitor that other than the professionals that-

• 15:47Speaker 03

  I know.

• 15:47Speaker 04

  -literally are just monitoring every second of the day.

• 15:51Speaker 03

  That's because you-

• 15:51Speaker 04

  And are psychopaths.

• 15:52Speaker 03

  And you never know when the market has hit its bottom until you're already past it.

• 15:57Speaker 04

  Right.

• 15:57Speaker 03

  And that's why I've always given this statistic about what if somebody invested, uh, somebody had $2,000 and they're going to invest it annually for 20 years, for, um, for the last 20, 20 years, going off of our current market, um, numbers versus, um, somebody who just invested, you know, uh, at, uh, all time, um, uh, lows or all the perfect timing, all time highs or all time lows during that year. So instead of, instead of $2,000, um, um, you know, just strategically over time, trying to time it.

• 16:42Speaker 03

  So if somebody is, is, does that, and so you've got a, over that, uh, over the 20 year period, you have $40,000 that has been invested. If somebody has timed it where it's all at, at, at the annual low, which is impossible to do, but let's say you had a crystal ball and you were able to put that money in every year at the all time, at the low of that year.

• 17:06Speaker 04

  Okay.

• 17:06Speaker 03

  You would end up after 20 years with $186,000.

• 17:10Speaker 04

  Ooh.

• 17:12Speaker 03

  Um, if you, if you did it at the all time high, then you would have $151,000. So there is a difference there of over roughly $30,000 over a 20 year period.

• 17:25Speaker 04

  I want that $30,000.

• 17:27Speaker 03

  Yeah.

• 17:28Speaker 04

  I wouldn't want to miss that.

• 17:29Speaker 03

  No, but it's an impossible scenario. That's like, so that, that gives you your parameters of your best case and your worst case scenario, which is nobody can do that because nobody has the crystal ball. But what if you just put the money in on the, on every day, on the, you know, daily? And you did it on the first trading day? It goes from that best case scenario of $186,000 to $170,000. So you're only out $16,000 versus somebody who would have the crystal ball.

• 17:58Speaker 04

  Interesting.

• 17:59Speaker 03

  This is like in, in the fantasy world where somebody could time it perfectly.

• 18:02Speaker 04

  Yeah.

• 18:02Speaker 03

  Which doesn't exist. You're only giving up that $16,000, which is like insane to me. So it's like, so it's this idea of like, don't, you know, don't put resources into something that's just, just impossible. You want to be on the green, as we say, when you're, when, when we're talking about investments, you're not going to get a hole in one.

• 18:20Speaker 04

  I've never heard that. I like that.

• 18:21Speaker 03

  Yeah. You just, you're trying to get on the green. Nobody, nobody's going to get a hole in one. It's impossible.

• 18:26Speaker 04

  Get on base. Dodgers, get on, just get on base.

• 18:29Speaker 03

  Yeah. So here's the other, the other, um, data that I think is incredibly important is like trying to, the, the cost of missing out on the trading day. So the cost of not being invested in the market is enormous. JP Morgan gives out this guide every year. It's a retirement guide and in that there's this really great graphic and it's looking at a $10,000 investment in the S and P 500 from January of 2006 to December of 2025. So again, roughly a 20 year period. That $10,000, if you just invested it in and you just kept it in the market that whole time, you have $80,000. $10,000 turns into $80,000 from 2006 to 2025.

• 19:13Speaker 04

  I like that.

• 19:13Speaker 03

  If you just missed 10 days of trading over that 20 year period, so we're talking about thousands and thousands of trading days.

• 19:23Speaker 04

  Okay.

• 19:23Speaker 03

  If you only miss 10 days, it drops down from a hot, from 80,000 to 35,000.

• 19:32Speaker 04

  Wow.

• 19:32Speaker 03

  If you miss 20 days, it drops down to 21,000. If you miss 30 days, so you're just like, I'm not sure if I want to do it yet and you just missed-

• 19:42Speaker 04

  Which we do know people that pull in and out.

• 19:44Speaker 03

  Yes. Yes. And they get on the sidelines.

• 19:46Speaker 04

  Yep.

• 19:47Speaker 03

  If you're on the sidelines for just 30 days of that 20 year period, it goes from your, your benefit, your, your increase going from 80,000, it drops down to 13,000. Your 10,000 only turns into 13,000 over a 20 year period because you only missed 30 days. If you miss 40 days, you actually lose money. Your 10,000 goes down to $9,400 because you missed out on 40 days of trading.

• 20:16Speaker 04

  Oh, wow. So is, um, an example of this, when people move money from, we'll say their, their investment account into a money market?

• 20:28Speaker 03

  Yeah.

• 20:28Speaker 04

  Is that what, is-

• 20:30Speaker 03

  Yeah.

• 20:30Speaker 04

  That's an example.

• 20:31Speaker 03

  That's an example. That's kind of putting it on the sidelines because the example I'm giving here is if you were invested fully in the stock market and the S and P 500.

• 20:38Speaker 04

  Right.

• 20:38Speaker 03

  And you're also going in, those are the best days. So you're missing out on those, on those best days. And when are those best days in the stock market? It's right when it hits the bottom. Right when there's a, right when there's a trough and we've come off of our peak and it's gotten to the very bottom before we, we hit the next new, you know, uh, bull market.

• 21:00Speaker 04

  Yeah.

• 21:01Speaker 03

  Those are the best days. Those are the best days in the market.

• 21:03Speaker 04

  Which is one of the only times we would say hitting rock bottom is some of the best days.

• 21:08Speaker 03

  Is great. It's like, we've said this before, like stocks-

• 21:11Speaker 04

  Just in life.

• 21:11Speaker 03

  Stocks are the only thing people don't want to buy when they're on sale.

• 21:14Speaker 04

  Right.

• 21:15Speaker 03

  Because they're like, oh my gosh, it's going down. How much farther down is it going to go? And, and it's like, what they don't know is like, when it does turn around, you won't know it for a few weeks, maybe a few months, sometimes a year or two, you won't know that it, that you're in the turnaround period. But when you look back after you're in that turnaround period, you'll be like, oh my gosh, I'm so glad I was in it during that down.

• 21:34Speaker 04

  Yeah.

• 21:35Speaker 03

  Because right when it turned around, it was up enormous. Like you had big gains and by missing, like I said, just missing 40 of those days. You are, you lose money.

• 21:47Speaker 04

  Right.

• 21:47Speaker 03

  Even though you were in the market for 20 years.

• 21:49Speaker 04

  Yeah.

• 21:49Speaker 03

  You only miss 40 of those best days. You're toast.

• 21:52Speaker 04

  So we were kind of talking about Meta when we were preparing. They just issued a split stock.

• 21:58Speaker 03

  Yeah.

• 21:59Speaker 04

  So is that applicable to what we're talking about right now? Or it like, is that a good thing? A split stock? Or is that just a totally different beast?

• 22:09Speaker 03

  It's a totally different beast, but I'm glad you brought it up because there is a, there is a misunderstanding. Most people, they think, well, if the stock is splitting, I'm going to have twice as many shares. Right?

• 22:21Speaker 04

  Right. Yeah.

• 22:22Speaker 03

  I'm going to have, if I have a hundred shares, then it's going to split into two. Or three. Sometimes they split into three or four.

• 22:29Speaker 04

  Oh, wow.

• 22:30Speaker 03

  Um, depending on, on the company and what their decisions are and what the numbers are. The share price is going to go down. The share price is going to go, is going to be cut in half. So if you have a hundred shares and it's a hundred dollars a share. So you have.

• 22:44Speaker 04

  I'm trying to math with you.

• 22:46Speaker 03

  Okay.

• 22:46Speaker 04

  I'm glitching.

• 22:47Speaker 03

  Yeah. Then you have, uh, was it $10,000?

• 22:53Speaker 04

  Yes.

• 22:54Speaker 03

  So of, of.

• 22:57Speaker 04

  You're asking me. You're the financial.

• 22:58Speaker 03

  It doesn't, doesn't matter what, what the total values. Let's say you have a hundred shares.

• 23:02Speaker 04

  Okay.

• 23:03Speaker 03

  Let's make it easy. You have one share.

• 23:04Speaker 04

  One, perfect.

• 23:05Speaker 03

  We have one share and it's worth a hundred dollars.

• 23:08Speaker 04

  Okay.

• 23:08Speaker 03

  Now you're going to have two shares that are worth $50.

• 23:12Speaker 04

  Okay.

• 23:13Speaker 03

  You still have a hundred dollars.

• 23:14Speaker 04

  Right.

• 23:15Speaker 03

  And so.

• 23:16Speaker 04

  So who benefits from that?

• 23:18Speaker 03

  It's an accounting thing. Nobody, nobody really benefits.

• 23:21Speaker 04

  It's about Meta. It's not about the.

• 23:23Speaker 03

  Yeah, it's about Meta. That's right. I mean, the stockholder can, the, the, the stockholder can benefit in some, some cases because, for example, one of the reasons that companies will split their shares is because the share price has gotten too high. It's like, it's too expensive for like, if their shares are a thousand dollars, Apple did this however many years ago. Apple did this when their shares got up, how close did they get? A thousand? Let's, let's say, I don't know what they got to. Let's say it got to a thousand dollars. Apple wasn't, wanted to get included into the Dow and that was going to screw up the whole Dow calculation. And also, what if you just wanted to buy one share of Apple? You have to come up with a thousand dollars.

• 24:06Speaker 03

  So, so they did a split so that it reduced the price of the share.

• 24:10Speaker 04

  And get more people in.

• 24:11Speaker 03

  And get more people in. It can get, it gives the opportunity for more people in, it gives, in some cases, the opportunity for money managers, mutual funds to get them in their fund. But it doesn't change, it doesn't say anything about the, the value of the company.

• 24:25Speaker 04

  Okay. Got it. A little more than I did before.

• 24:28Speaker 03

  Okay.

• 24:29Speaker 04

  Thank you.

• 24:29Speaker 03

  It is definitely very, very confusing. Uh, but don't, don't be fooled to think that it, that because the stock is, is splitting or, or, or reverse split, that it's, it's going to make you more money. It's going to be good or bad. It just kind of depends.

• 24:43Speaker 04

  Thanks for that.

• 24:44Speaker 03

  You're welcome, Debbie. I'm Sherrod. We're Money Wise. We'll be right back after this break.

• 25:01Speaker 03

  We're Money Wise. Thanks for tuning in. I'm Sherrod here with Debbie. We're your hosts today. We're joined right now by Robert Peterson. He is the host of Notorious Bakersfield Podcast. If you are not familiar with Notorious Bakersfield Podcast, I will claim that this is one of our greatest podcasts, local podcasts that we have, uh, here, here locally and, and I mean nationally. Uh, Robert, welcome to the show.

• 25:25Speaker 05

  Thank you for having me.

• 25:26Speaker 03

  You've been on the show before, right?

• 25:27Speaker 05

  Yeah, with, uh, Chris before.

• 25:29Speaker 03

  Oh, well, now you're with me.

• 25:30Speaker 05

  Yeah.

• 25:31Speaker 03

  It's great having you here. I'm a fan. Uh, I have to admit, I was talking, telling Debbie, I'm not, I'm not a, a, a frequent flyer of true crime, uh, and the true crime dramas that are all over, you know, the streaming services and podcasts and that.

• 25:47Speaker 04

  But it's kind of cool when it's the local take.

• 25:49Speaker 03

  Yeah.

• 25:50Speaker 04

  I like hearing the, the dark, local history.

• 25:54Speaker 03

  Me too. And you do, Robert, you do such an amazing job. The production quality of it, the writing of it.

• 26:00Speaker 05

  Thank you.

• 26:00Speaker 03

  Is incredibly good, high quality. Uh, it is essentially, I'm going to read what you have here in the description. Notorious Bakersfield is a podcast that steps back in time to look at some of Bakersfield's most notorious crimes, events and characters that have impacted the Central California Valley community. My experience is listening to the podcast, the, the episodes I've listened to, you do a deep dive into basic, not basic, into news stories, local news stories. And you just go, you scratch below the surface and you go, there's more to this story than just the fact that somebody got murdered up on Panorama.

• 26:35Speaker 05

  Right.

• 26:35Speaker 03

  You know? Um, so, so tell us about, like, how, tell us about this podcast. How did you get, start this?

• 26:42Speaker 05

  Well, during COVID, when everybody else was, you know, uh, binge list, watching their favorite TV show. Um, I was reading archive copies of the Bakersfield Californian. And I ran across, you know, I'm almost a lifelong resident of Bakersfield. And a lot of these stories that I had come across, I'd never heard before. So I wanted to retell these stories for, you know, the current generation who may not have heard these, you know, heard about these stories. So the misconception is that Notorious Bakersfield is true crime. Well, that's true to some extent, but it's not true crime all the time. It's whatever made headlines in Bakersfield's past.

• 27:22Speaker 03

  Yeah.

• 27:23Speaker 05

  And, uh, um, you know, there's other things on the podcast, like the, uh, fire that burned down Bakersfield in the late 1800s. I mean, it burned down most of downtown Bakersfield, including where we are now, where the studio is.

• 27:37Speaker 03

  Yeah.

• 27:37Speaker 05

  And half, half of the city was, was, uh, homeless after that. And this is like back before we had modern, you know, electricity and all that. So.

• 27:46Speaker 03

  Right.

• 27:47Speaker 05

  Yeah.

• 27:47Speaker 03

  There was also the time in the 1800s here, here locally, when it was just, there were regular massive floods. This is before we had the Isabella Dam.

• 27:56Speaker 05

  Right.

• 27:56Speaker 03

  And so you could have these massive, uh, uh, melts up in the Sierras that would just come down into the valley and turn the valley into like.

• 28:05Speaker 04

  It was just dirt.

• 28:06Speaker 03

  Yeah.

• 28:07Speaker 05

  Well, this was a swamp here.

• 28:08Speaker 03

  Yeah.

• 28:09Speaker 05

  This is where.

• 28:10Speaker 03

  This is, was, this was the swamp.

• 28:11Speaker 05

  Yeah. Colonel Baker, you know, tamed the Kern, Kern River.

• 28:15Speaker 03

  Yeah.

• 28:15Speaker 05

  And, uh, took it away from downtown. The river actually flowed close to where, uh, Mercy Hospital is downtown.

• 28:23Speaker 04

  Oh, wow.

• 28:23Speaker 05

  Believe that. Yeah.

• 28:24Speaker 03

  Yeah.

• 28:25Speaker 04

  On Truxton. Wow.

• 28:26Speaker 05

  Yeah.

• 28:27Speaker 03

  Yeah. So then over, over this time, how many episodes are there?

• 28:31Speaker 05

  Over 200.

• 28:32Speaker 03

  200?

• 28:33Speaker 04

  Okay. So again, math, math is not a strong suit. How many, how many a week are you knocking out?

• 28:39Speaker 05

  Um, I was doing an episode a week and then I've cut back to, um, every other week, every other Tuesday.

• 28:45Speaker 04

  That sounds manageable.

• 28:47Speaker 05

  Yeah. What I, what I like doing about the podcast is discovering these stories that I'd never heard of. A couple of years ago, a, um, young lady walked up to me and she asked me, she goes, did, is the Westchester neighborhood built on old Native American burial grounds? And I told her, I said, you know, that doesn't make sense. I said, because that was marsh, you know, that was, you wouldn't bury your dead, you know, underwater. It doesn't make sense.

• 29:18Speaker 03

  Yeah.

• 29:19Speaker 05

  And then, but I knew where Jastro Park is, um, it was called, uh, Reader Lake. There was a lake there where Jastro Park is. So I started doing some research about Reader Lake and there was a Reader Hill real, real close by. It's named after a gentleman by the name of Reader. He was a, a deputy sheriff. And he built a house on Reader Hill, which was by Mercy Hospital, right where the railroad tracks are. And he built his house there and he died. His family kind of abandoned the house. The house was an eyesore. But it had been there for years and years, late 1800s that people knew about Reader Hill. It was kind of an eyesore in Bakersfield because it was up on a hill and it stood out.

• 30:03Speaker 05

  And it burned down and kids played in it. And anyways, going through researching this, um, I discovered when the railroad came through, they needed to level that hill. So they leveled the hill and when they're doing so, they came across Indian burial grounds. So that little bit of truth in that, you know, that one person's.

• 30:25Speaker 03

  Yeah.

• 30:26Speaker 05

  Questioned me about Westchester being built on burial grounds. It came true. You know, I was wrong. You know, there was, there were burial grounds, but it was a different type. It was on this hill. This little mound.

• 30:40Speaker 03

  Right. Fascinating.

• 30:41Speaker 05

  It was.

• 30:42Speaker 03

  What, what, um, what other, I, I know what we get really, especially being downtown here at the Woolworths, we get a lot of people asking about, um, there's a lot of misconceptions and myths about the tunnels and all the tunnels around town. I think there's this perception, there's just tunnels everywhere, you know, like the old. And then there's all kinds of, that just leads to so much lore.

• 31:03Speaker 05

  Right.

• 31:03Speaker 03

  What, what can you tell us? What do you know?

• 31:04Speaker 05

  And that's what, that's what, uh, people ask me about all the time. That's one of the questions. What can you tell us about the tunnels?

• 31:10Speaker 03

  Yeah.

• 31:11Speaker 05

  I, there are tunnels. I, I've seen them. Uh, the antique store across the street on 19th Street, they have like a thing where you can look at the, the portion of the tunnel.

• 31:21Speaker 03

  Yeah.

• 31:22Speaker 05

  But I don't think it was, they were built for nefarious reasons.

• 31:26Speaker 03

  Right.

• 31:26Speaker 05

  I think they're more of convenience because Bakersfield was hot and people, you know, wanted to sleep in the cool. And, uh, so they built these tunnels by their, underneath their, their places of business.

• 31:39Speaker 03

  Yeah. And part of the podcast you do, you do touch on unsolved mysteries, unsolved crimes, right? Some of them involve that and, and including, so you have some connection to, um, the, uh, a, uh, organization that is dedicated to sort of helping work with some of these unsolved murders.

• 32:04Speaker 05

  Well, that, this is kind of a, a new, a new relationship or a new project that I've undertaken. In 1923, there was a, um, a little boy that was discovered in a canal, um, over, today it's, uh, Union and 30th Street, 1923. And he had drowned, um, and they figured he just wandered from his house, but that didn't make sense because the closest house was like a half mile away. And he was 18 months old. So that was a big distance for a child that age to wander. But they expected the mother to come, you know, looking for her kid and more time that passed that nobody came to claim this boy.

• 32:48Speaker 05

  The more mystery became. And so they.

• 32:52Speaker 05

  Um, decided their theory was, well, perhaps she jumped in to save the boy and she drowned also. So they restricted the flow of the water and um, after a while, they did find her body.

• 33:06Speaker 04

  Oh, my gosh.

• 33:07Speaker 05

  And she had been, she had been, uh, she hadn't drowned. She died um, at the hands of another person. There was obvious trauma to her face and, and head. So the, the mystery was, you know, how, how, who killed them and who were they? And they put their bodies on display at Flickinger Mortuary and um, half of Bakersfield filed by to try to identify them. They could never identify these two individuals. Uh, another mystery came up when they did the autopsy, the, the mother, uh, or the, the adult female, she was in her early twenties. She had never given birth before. So the mystery was what was her relationship

• 33:51Speaker 05

  with this child? Was it a adoptive parent, step parent, sibling, you know, nobody, nobody knows to this day. Um, nobody was able to identify him. The Bakersfield Police or law enforcement agencies did all they could at the time to identify these people. They tracked suspects as far as Los Angeles and nothing came of it. Uh, they were buried in Union Cemetery. Um, their headstone, which was purchased by the people of Bakersfield, reads, here sleeps an unknown mother and her infant, uh, boy mysteriously murdered April 18th, 1923 and

• 34:32Speaker 05

  sympathetically buried by the people of Kern County. And um, so they're there, they're still there. When I did, covered the story, I said, you know, if anybody has a connection to any of these organizations that um, identify, take on these kinds of things where we can identify them, um, their bodies are still available there at Union Cemetery. And that was over a year ago. And um, just recently, within last few months, uh, cold case detective from the Bakersfield Police Department contacted me and said, he got the authorization to investigate this crime again, not to prosecute anybody, whoever did it got away with murder, um, but

• 35:14Speaker 05

  to hopefully, right, but hopefully to identify these, these, uh, these victims. And, uh, but the problem was since they can't, since they can't prosecute anybody, they can't use tax money to do it. So we have to raise the money on our, on, you know, privately. And since there's two victims, we don't know exactly what their relationship was. Um, there's two DNA profiles that need to be, you know, investigated. So it's double the money. And uh, it's going to cost between 10 and $15,000 for this.

• 35:48Speaker 03

  Yeah.

• 35:49Speaker 05

  Um, when the detective, you know, when we were first discussing this, I told the detective, I said, you know, that's a lot of money. You know, nobody's, no hungry mouths are going to be fed. Nobody is going to be housed, you know, it's not, you know, we're not curing cancer, you know? I said, besides satisfying our own curiosity, what, what other good is there for this, you know, to go forward? And he told me, he said, you know, he goes, I'm, I'm new at cold cases. He goes, I've never done this um, DNA genealogical investigation. And it's a highly skilled thing.

• 36:30Speaker 03

  Yeah.

• 36:30Speaker 05

  And he goes, I can take all the classes I want, but I need hands-on experience in doing this. And when he told me that, I said, sold. And so it's going to benefit our local police department investigating these, not just cold cases, but active investigations too.

• 36:48Speaker 03

  Well, yeah, I mean, you're talking about needing to involve the community to help raise funds to solve this, this, this, this case or help, you know, shed light on, on, on this. But the, um, there is a, I'm just, if you look at this just from a, from a moral perspective, we, there is, there is a value to us honoring our dead and, and there, you know, other cultures have a much more like, uh, it seems like they're much more, it's much more ingrained in their culture, the ways that they can honor those people. And I, I think it's a worthy, it's a worthy cause for us as, as, as a community to sort

• 37:30Speaker 03

  of make sure that we, you know, we honor, we honor those people who passed.

• 37:35Speaker 05

  And that's why, that's why I named the project, Give Them Their Names Back. Um, because they were somebody, they belonged to somebody, they belonged to a family, they just didn't, you know, suddenly appear.

• 37:46Speaker 03

  Yeah. Yeah. So let's talk more about this then, because this, this can lead right into an event that's coming up and that, and, and to help support this effort. And I think some of our listeners might be interested in this.

• 37:58Speaker 05

  Absolutely. So around this time, I kind of got connected with, uh, Gil Corio. He, he's a retired detective with the Los Angeles County, um, Sheriff's Department. And he was one of the lead investigators for the, uh, uh, tracking down the Night Stalker, Richard Ramirez, the serial killer in the nineteen, mid 1980s.

• 38:23Speaker 03

  Yeah, I remember, I remember it. I was there. I remember it.

• 38:27Speaker 05

  Were you in?

• 38:28Speaker 03

  I mean, I wasn't in LA, but I was here in town. It was all the buzz because it was just down the street, you know, it was like, is he, is the Night Stalker in Kern County now? That was the talk, yeah.

• 38:37Speaker 05

  And we kind of felt insulated because we were in Bakersfield. But then when we found out that he committed another murder in San Francisco, then we were like, well, he probably came through.

• 38:48Speaker 03

  He's stopped for a hamburger. He's in California. And so this, Gil Corio, who is, who was the lead investigator, one of the, the main investigators in this project is, was the one that sort of is credited to connecting some of these different murders to, to Richard Ramirez, to this Night Stalker. So he's kind of credited for being able to go put some of these puzzle pieces together of what appeared to be unrelated events.

• 39:14Speaker 05

  Yeah. And what, what brought it all together was a shoe print and a Vea tennis shoe. And that was the one that, that linked him to all the crimes that were committed. Yeah.

• 39:25Speaker 03

  Right. And it's like, oh, this is just, yeah. And then it's like, okay, now we got a serial killer. Now we know we've got a serial killer.

• 39:31Speaker 05

  Right.

• 39:31Speaker 03

  And, and so this guy knows his stuff. And so how is he related to this?

• 39:36Speaker 05

  The, so Gil Corio, um, um, did a, was heavily involved in the, uh, Netflix docu-series uh, from a few years ago, uh, The Night Stalker, Inside the Night Stalker Investigation. People in the audience may have watched it on Netflix. And um, he was one of the central figures that, that they interviewed for that documentary. So he's going to be, I asked him, when I first met him, I said, he was doing a, an event. And I asked him, I said, you know, have you ever done this before? He said, no, this is the first time. It was a sold out event. And uh, I said, well, you want to take it out, take your show on the road? And

• 40:19Speaker 05

  he said, yeah, absolutely. So this project came up about identifying these two victims from 1923. And I asked him if he'd be interested in, in coming and doing a similar event, talking about the Night Stalker Investigation. And he said, absolutely. So.

• 40:37Speaker 04

  What a great idea.

• 40:38Speaker 05

  Yeah, yeah. So people are.

• 40:40Speaker 04

  For a good cause.

• 40:41Speaker 05

  Yeah, absolutely.

• 40:41Speaker 04

  Yeah.

• 40:42Speaker 03

  So if people are interested, uh, this will be, uh, uh, Notorious Bakersfield presenting an evening with Gil Corio. This is Inside the Night Stalker Investigation. This is going to help benefit the Give Them Their Names Back campaign. That's not easy to say. Give Them Their Names Back campaign. Special event presented by Notorious Bakersfield. It's going to benefit this. We can, we can, we can shed some light on what was a, a horrible, tragic event, but it gives our, like you said, what a great cause for our, our Bakersfield Police Department and for those cold cases. And you know, kind of speaking of, of cold cases, we have a listener that just sent in a message that says, I've enjoyed Notorious

• 41:25Speaker 03

  Bakersfield, notorious podcast and really appreciate the episode that he did a while back on my cousin, Matt Odom. Still unresolved, but Robert does his homework and digs. I mean, you, this is an example, like it matters to people that, that, we may not know what happened, but somebody, something happened out there. Yeah. I thought that's a really nice comment.

• 41:48Speaker 05

  Yeah, that's nice. Yeah.

• 41:49Speaker 03

  Another comment says, this is a local podcast? Well, check it out. Please share. And I'm sure this town gives him plenty of content. Big Ed has said this. So yeah, do you have, you don't have any issue coming up with content? Or do you?

• 42:02Speaker 05

  No, no, no, there's plenty of content.

• 42:04Speaker 03

  Do you see anything unique about us here versus other communities and, and, you know, and what you do find?

• 42:11Speaker 05

  I don't think so. I think Bakersfield is pretty, all the weird stories and, you know, odd, odd things, I think, isn't unique to Bakersfield.

• 42:20Speaker 03

  Yeah. Yeah. Do you find, is there anything that is unique maybe to our area?

• 42:25Speaker 05

  I'm trying to think. I can't think of anything.

• 42:27Speaker 03

  Yeah. Cause I, I agree. I mean, you hear these crazy stories all the time. It's just a matter of time before it hits your town.

• 42:32Speaker 05

  Right.

• 42:33Speaker 03

  What would you say is the craziest story, one of the craziest stories that you've, that you've investigated or looked into?

• 42:39Speaker 05

  Oh, gosh. I'm trying to think. The, the.

• 42:44Speaker 05

  Well, everybody knows Amelia Earhart. You know, when she went missing and, you know, everybody knows her story.

• 42:52Speaker 03

  Yeah.

• 42:53Speaker 05

  A few years after she was declared deceased, or whatever they did, after she didn't, after she went missing.

• 43:00Speaker 03

  Yeah.

• 43:00Speaker 05

  Her husband was a writer, um, publicist. He kind of was in charge of publicizing Amelia's, you know.

• 43:10Speaker 03

  Fame.

• 43:10Speaker 05

  Yeah, yeah.

• 43:11Speaker 03

  Yeah.

• 43:11Speaker 05

  Um, and his name was George Putnam. He mysteriously shows up in a chicken coop in Bakersfield. And

• 43:20Speaker 04

  Dead or alive?

• 43:21Speaker 05

  He's alive. He's, he's, he's got his arms and legs bound and some farmer.

• 43:26Speaker 04

  Naked and afraid.

• 43:29Speaker 05

  No. And, and

• 43:30Speaker 04

  Oh, no.

• 43:31Speaker 05

  At the time, no, so at the time, the, he, you know, it was out on some farm off of Cottonwood Road and, and the farmer went out there and found him and called the police and he claimed he was kidnapped by Nazis. And

• 43:45Speaker 03

  Nazis?

• 43:46Speaker 05

  Yeah. At the time, at the time, he had a book about Hitler and, you know, and he, people speculated that he, it was a, uh, ru-, it was a scam for him to get publicity for his, for his, uh, for his book, publicity for his book.

• 44:07Speaker 04

  Or, or?

• 44:10Speaker 05

  Or he was really kidnapped. But, but he, uh, you know, and when he was confronted with that, he said, "Do you think I'd soil my pants for a publicity stunt?"

• 44:23Speaker 04

  I mean, depends on what the, the reward might be. I would soil my pants for a healthy.

• 44:30Speaker 03

  I think there's lots of people right now that are soiling their pants for the publicity. So it's, you know. That is real, that is, that's fascinating. Um, yeah, there's, there is a, I mean, there's so many, there's so many of these, uh, these just fascinating stories.

• 44:47Speaker 03

  Uh, where can people find Notorious Bakersfield?

• 44:50Speaker 05

  NotoriousBakersfield.com and, uh, you can listen to, um, if you listen to podcasts, it's on all the podcast apps. Or you can just listen to it from NotoriousBakersfield.com.

• 45:02Speaker 03

  And how can people find out more information about the event that's coming up here? And by the way, it is in the basement of the Woolworths. So it's a super great event. It's, there's a bar. We'll have a hosted bar there. Uh, it should be a fun, nice evening, nice gathering. Uh, let's, let's give some information about it.

• 45:18Speaker 04

  Sunday, November 8th?

• 45:19Speaker 05

  November 8th.

• 45:20Speaker 04

  Okay. What time of day are we, are we talking about?

• 45:22Speaker 05

  Evening at seven o'clock. Doors open at 6:30 and, uh, um, ticket, you can purchase tickets on NotoriousBakersfield.com.

• 45:31Speaker 03

  Oh, perfect.

• 45:31Speaker 05

  Just see the, the link for the fundraiser.

• 45:33Speaker 03

  I do.

• 45:34Speaker 00

  Will you be selling those, uh, sweet shirts at this event?

• 45:38Speaker 05

  Yes, yes.

• 45:39Speaker 03

  The one you're wearing?

• 45:40Speaker 05

  Yes, yes. I'll have notorious, and, and a portion of, of those proceeds will go to, uh, to give them their names back.

• 45:47Speaker 03

  All right, hon. How, how, how would you, how would you, um, like, I'm a fan of, of the podcast, but like, it's, it's, do you get, um, do you have a lot of, how do I ask this?

• 45:59Speaker 04

  Followers.

• 46:01Speaker 03

  Yeah. How popular is it? And is it strictly mostly just Bakersfield or is it kind of?

• 46:05Speaker 04

  Do you have groupies?

• 46:06Speaker 03

  Yeah.

• 46:07Speaker 05

  Yes, absolutely.

• 46:08Speaker 03

  Let's get to it.

• 46:10Speaker 05

  Yes, I have, uh, and I wear my Notorious Bakersfield t-shirt wherever I go. Those are my uniform.

• 46:16Speaker 03

  Yeah.

• 46:16Speaker 05

  I don't have to think about what I'm going to wear any, every day.

• 46:18Speaker 03

  It's nice. Love it. Love it. Yeah.

• 46:21Speaker 05

  Um, and people approach me and, and talk to me about podcasts, episodes that, or stories that I haven't done yet that, that they think I should cover or something like that.

• 46:32Speaker 03

  Yeah.

• 46:33Speaker 05

  Um, it's hard, you probably know this, it's hard to gauge how many subscribers you have to your podcast because there's so many different platforms and there's just no way. But I, I get about, um, 3,000 downloads a week for each.

• 46:46Speaker 03

  Oh, my gosh.

• 46:47Speaker 05

  Each episode.

• 46:47Speaker 03

  Oh, yeah. That's awesome.

• 46:49Speaker 05

  Yeah.

• 46:49Speaker 03

  That's a lot.

• 46:50Speaker 04

  It's not nothing.

• 46:51Speaker 03

  No.

• 46:51Speaker 05

  It's not Joe Rogan or anything.

• 46:53Speaker 03

  Yeah. Do you ever get any pushback? Is there ever any sense of like, hey, you're making Bakersfield like notorious, but not in the right ways?

• 47:02Speaker 04

  Or, hey, leave that alone. We don't want you to talk about that. Have you ever gotten a little, maybe a nudge on something?

• 47:10Speaker 05

  You know, not, not from

• 47:13Speaker 04

  Or a forearm.

• 47:14Speaker 05

  The general public. You know, when I, when I started out, I thought, okay, I'm going to tell these stories. I'm going to go to the families who, you know, of the victims and see if they'd be interested in being interviewed. And I found out quickly that people that experience this, the survivors, they're not, they're not interested in revisiting that awful time, which I understand completely.

• 47:37Speaker 03

  Yeah, yeah.

• 47:38Speaker 05

  Um, so that's, that's kind of the, the pushback that I've had.

• 47:42Speaker 03

  Sure.

• 47:42Speaker 05

  So I just have to go on, you know, other things, uh, you know, court documents or, or newspaper accounts. Yeah.

• 47:49Speaker 03

  Yeah. Well, Robert Peterson, thank you so much for taking the time to come on our show.

• 47:53Speaker 04

  Wait, we didn't even mention, he does an audio tour around Halloween.

• 47:57Speaker 03

  Oh, Halloween tour.

• 47:59Speaker 04

  Yeah.

• 47:59Speaker 03

  What they can find at NotoriousBakersfield.com.

• 48:01Speaker 05

  NotoriousBakersfield.com.

• 48:02Speaker 04

  There we go.

• 48:03Speaker 03

  And that's a notorious, uh, Halloween tour. I hear, I hear.

• 48:06Speaker 05

  It takes you to crime scene locations and, um, it's in east and northeast Bakersfield. You just download it, load people into your car and take them on this audio tour.

• 48:16Speaker 03

  Oh, very, very cool.

• 48:17Speaker 04

  Sounds fun.

• 48:18Speaker 03

  You can find out more at NotoriousBakersfield.com and of course, MoneyWiseGuys.com is where you can find out more about us. In the meantime, be smart, be safe and always be money wise.

• 48:31Speaker 02

  Securities offered through LPL Financial, member FINRA, SIPC. Investment advisory services offered through LPL Financial. LPL Financial and Money Wise Wealth Management are independently owned and operated.