4/10/25 Market Rollercoasters & Bakersfield Christian High School's Bright Future

The Moneywise Radio Show and Podcast Thursday, April 10th BE MONEYWISE. Moneywise Wealth Management I "The Moneywise Guys" podcast call: 661-847-1000 text in anytime: 661-396-1000 website: www. MoneywiseGuys.com facebook: Moneywise_Wealth_Manageme instagram: MoneywiseWealthManagement Guest: Matthew Guinn, President of Bakersfield Christian High School website: www.bakersfieldchristian.com/ Facebook

• 0:00Speaker 00

  From the padded radio room off Stockdale Highway, here is Money Wise. Call or text in at 661-396-1000.

• 0:09Speaker 01

  (SINGING) 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 a dollar, dollar, dollar, that's what I need. And if I share with you my story, would you share your dollar with me?

• 0:29Speaker 02

  Securities offered through SEF Securities, Inc., member FINRA/SIPC. Investment advisory services offered through SEF Investment Advisors, Inc. SEF Securities, Inc. and Money Wise Wealth Management are independently owned and operated.

• 0:39Speaker 00

  Now, let's start the Money Wise Show.

• 0:42Speaker 03

  That's right. Let's start the Money Wise Show. My goodness, folks, it's been a week since I've been in the studio, and it feels like the wheels came off. Not that we haven't been saying that don't be surprised if the market pulls back a little bit, but when it does, it never feels like we think it's supposed to feel. But this is what it feels like. There's always a reason, it doesn't just happen. It's tariff talk. It is what it is. I'm your host today, Chris Pelster, with Money Wise, here with...

• 1:10Speaker 04

  Seth Perry, welcome.

• 1:11Speaker 03

  And we're excited about today. We both are proud papas, dads of kids at BCHS, and today we have El Presidente, Mr. Matthew Guinn, principal over there.

• 1:25Speaker 04

  Yeah.

• 1:26Speaker 03

  Going to be joining us today, going to talk a little bit about BCHS and what's going on. Always been a fan of there. Actually, all my kids went to private school all the way through. We just chose last kid, last senior year, to make a switch. Don't ask me, it's wild.

• 1:41Speaker 04

  Yeah.

• 1:42Speaker 03

  But we'll talk a little bit about it.

• 1:43Speaker 04

  I got a couple shouts.

• 1:45Speaker 03

  Yeah?

• 1:46Speaker 04

  So, we work with Desi Claffey. It is her 60th birthday today.

• 1:51Speaker 03

  That's a big birthday.

• 1:52Speaker 04

  Which is amazing, and I have another shout. We have a grandfather, a new grandpa.

• 1:56Speaker 03

  Oh, who?

• 1:57Speaker 04

  Amongst our team, amongst our advisory team, by the name of Mr. Chris Pelster.

• 2:02Speaker 03

  There you go. Papa Pelster's in the house.

• 2:05Speaker 00

  Good job, Papa.

• 2:07Speaker 03

  Got my first granddaughter. Actually, both my daughters, one is no longer pregnant, as you just heard. The other one is still pregnant. They were racing whether I'd be the proud papa of a grandson or granddaughter. Granddaughter, Ray Lynn, won out. Welcome, welcome, Rayland to the world.

• 2:23Speaker 04

  Congrats, brother.

• 2:23Speaker 03

  Congratulations, man. Still got another one on the way, so prayers for another successful birth. So, thanks for that.

• 2:30Speaker 04

  So, are you on call for that one?

• 2:32Speaker 03

  Yeah. It's, it was, everything went good. I mean, she sat in the hospital a lot longer than she wanted to, but everything went good. And Miss, Miss Hannah is, uh, uh, pregnant with Hudson. And so, we're hoping for, she, she wants to have done it over the weekend, too. She's ready to be done, as, as most of you who've probably gone through that understand. Um, I will never fully understand, other than being that loving, supportive husband that was there at her beck and call for every need as she was struggling those last few, uh, uh, weeks or days or whatever it was. So, welcome to the world. And, uh, from what I hear, being a grandparent's pretty cool. So, I'm excited.

• 3:09Speaker 04

  You get to have all the fun. That's what everybody always says. You get to have all the fun and spoil them and then say, "See you later."

• 3:14Speaker 03

  There you go.

• 3:14Speaker 04

  Send them home with the parents.

• 3:15Speaker 03

  There you go.

• 3:16Speaker 04

  Yep. Can't wait.

• 3:17Speaker 03

  Well, we have a little bit to talk about. We always want to talk a little bit about the markets and what's going on. We, we really have been talking about the fact that the markets have, you know, been on a rampage for two years, an upward trend since 2022 and the lows we saw then. And so, lo and behold, tariff talk started to pick up. A lot of people don't realize that it's not like the tariff talk came out of nowhere. Um, a lot of people may not understand this or realize this, but 10 days into the office, Trump began the Trump, or, or the trade war, uh, with China. He, he, he right off the bat threw a 10% tariff on them. They retaliated to 15%. And it's been going back and forth and building. Obviously, his big speech the other day, where he had the whole list where all these tariffs that were going to be levied.

• 4:02Speaker 04

  The reciprocal tariffs.

• 4:03Speaker 03

  Yes, that's, that's what kind of really, uh, kicked things off. But, um, the market activity, again, realizing that we've been on a two-year trend, an upward trend on the markets, some of the big, uh, the bigger names, the, the, the FAANG stocks, if you will, when we've talked about on the show before, that, uh, small amount of stocks make up a large amount of the, the growth because they've just had phenomenal explosive growth for the last five years. Well, they've taken a breather. If they- Pull back, it actually makes the overall pullback look a lot different than actually what maybe is going on inside of your portfolio. But when fear and panic sets in, down is down and down is bad. And so even conservative investors that have, you know, barely pulled back at all on their accounts are feeling like, okay, is this,

• 4:47Speaker 03

  is this something I need to do something? I need to change something, which we always say, this is when you don't want to be making those decisions because you tend to be fear driven, panic driven, emotional. And, uh, and, and you can get stuck in that spin cycle. So, you know, like we were saying a month ago, you want to make the decisions a month ago when, when the panic comes in. But with all that being said, I don't discount people's feelings. It is, it is real. It doesn't feel good to look at your accounts. But hopefully you can take a deep breath. Hopefully you have a mix of investments that make sense for your situation, that you don't have major red flags or anything like that. If you're not sure, that's why it always pays to maybe sit down with a financial advisor. That's what we do here at Money Wise, six, six, one, eight, four, seven, one thousand. We'd love to talk to you. If you have a financial advisor,

• 5:30Speaker 03

  uh, pick up the phone, his, his phone line or her phone line is probably a little busy, but, but sit down, go over things. Make sure that you have confidence that you're invested the way you are, and then have confidence that all this stuff will settle, even though it can be scary. So we did have a couple of really great questions come in. Um, and actually before we do that though, I do want to throw out, you know, kind of what's going on in the markets. We had a humongous day last, uh, yesterday. Um, after some downward trending, we had a, a big, big move in the markets. Nine and a half percent, I think was the S and P 500 in the one single day, which is just a huge move for a single day. It's unlike anything that I've seen in 20 years of doing business, of course.

• 6:12Speaker 04

  Oh, sorry to cut you off. I, I was walking by the radio room. We have the, the CNBC going right here and I had to do a double take. I actually, I was, hold on, I can't be right. I backed up. The NASDAQ was up 12%. I've never seen that. Yeah. I don't remember having ever seen that.

• 6:25Speaker 03

  Yeah. Well, and, and low and behold, then when we get back into the office today, actually I was up this morning looking at things. Um, it's didn't start out quite as bad, but, um, the market did slide again about three and a half percent on the S and P 500. Still over 5,000 though. It's 5,0268.

• 6:41Speaker 03

  Uh, the Dow is down about two and a half percent, thirty nine thousand five ninety three. The NASDAQ, which is, you know, tech-heavy and can tend to be a little bit more volatile up and down. Um, it's down about four point three percent. So like you said, it was up twelve yesterday. Lo and behold, it's a bigger move of today. It's at sixteen thousand three seven. Crude oil is down about three and a half percent. It's right around sixty dollars a barrel there. And when you have the market going down, you have things like gold going up. Three point six percent move to the positive there for gold. It's at three thousand one ninety an ounce.

• 7:14Speaker 04

  Looks like we were, uh, yesterday, our low that we hit, um, it was yesterday or the day before is around where we were last May. So, kind of brought us right back down to where we were.

• 7:26Speaker 03

  Yep.

• 7:27Speaker 04

  Year, year to year. So.

• 7:29Speaker 03

  So again, when I said, you know, like we always talk about the market going up and down and we all know that the market goes up and down. But then when it does, for some reason, it's like, well, I knew it goes up and down, but this is different because maybe the tariff talk. How, how does that play into it? And there's always catalysts. There's always reasons why the market fluctuate. And it's, it's the fog of how will the tariffs affect everything? What's going on with the tariffs? You know, those kinds of things. How it's going to affect the economy in the long run? Then obviously, political leanings can, can make you, if you don't like Trump, then you're, oh, he's gonna crash everything. If you love Trump, oh, it's gonna be great. And so people are wanting to dive headlong into stocks right now. And it's like, you have to remove yourself of all that noise and, and, and have a diversified portfolio

• 8:12Speaker 03

  that makes sense with your situation, your time horizon. Short-term money should always be a little bit cautious and in protecting of, of principle. Long-term money, you can let it ride a little bit more, but, um, try to not let, you know, headlines or short-term political things, uh, push, push around your, your investments. Because it, it, it creates a really, really could be catastrophic, uh, decisions.

• 8:35Speaker 04

  Yeah, a, a true well-diversified portfolio, it's not all in stocks. You're invested in bonds, not just with companies, but in governments. We, we were looking at some things today, some bonds being issued here in California. You're, you're invested in not only companies, but also in governments. Governments, you know, if they're going to go to to build a bridge or something, they issue bonds and that's that's what you're investing in. That's a well diversified portfolio also, not only in the U. S. But you typically want to have some international exposure to to some some other countries.

• 9:04Speaker 03

  You know, one of the things that I've talked about before is that there has been some relatively very mellow markets that sometimes when when you see nine percent moves, three percent moves, four percent moves on a daily basis, it does exhaust us as investors. So again, you know, trying to remove yourself a little bit from it. It definitely is more volatile. We've talked about it before. I don't know if people realize this. Back in the in sixty three, the S and P five hundred went one hundred and eighty four days without declining over a one percent move. Ninety four, there was about a hundred consecutive days without a one percent drop. Twenty seventeen, there was about a sixty four day streak without a one percent decline. And I mean, we we're having right now in one day, it's going down five, you know, or six.

• 9:48Speaker 04

  Three, four, up five or six, down five, it's it's it's we're in for a ride right now, a ride right now.

• 9:54Speaker 03

  And then most people don't realize this just recently, twenty twenty three, the index went three hundred and seventy seven days without a two percent sell off. So for a full year, a full calendar year, the market never went down for, you know, kind of steadily. It went up and down, but never went below a two percent move in any one day period. In twenty twenty four, the S and P five hundred was on track for its three hundred and fifty second consecutive day without a two percent decline. So the longest streak since two thousand and seven. So even, you know, looking at some of these times where the market doesn't even go down two percent in any one day period for that long of a period. And here we have it basically happening every couple of days. So again, it's why this is a horrible time to make major changes to your portfolio,

• 10:40Speaker 03

  unless you really do some deep thought and and some reality checks and that it should be different. But if if you're all of a sudden just reacting because the market's doing this, this is the worst time because it's every day you're getting whipsawed. You're trying to make a decision based off headlines, which, you know, the the the media is not there trying to make you money wise. They're not trying to make you make good financial decisions as a matter of fact. Matter of fact, they're trying to get you to click on things. So most of the time they're either using fear of panic or they're using greed. Meaning you need to buy this. And so you click on some headline that's telling you why you should be buying right now, which it may be good advice, but uh, but may not be so. We did have a couple of comments come in that we do want to go over because they are right up some of these topics.

• 11:24Speaker 04

  Yeah, somebody, uh, somebody dropped us a note here. I want to read this. I heard on the news this morning that Southwest Airlines will begin charging to use the restroom.

• 11:34Speaker 03

  Hmm.

• 11:35Speaker 04

  What has this world come to? LOL. Just figured you guys would enjoy hearing about that if you haven't already.

• 11:41Speaker 03

  So here would be my concern.

• 11:43Speaker 04

  They just, they just plopped it in there.

• 11:44Speaker 03

  If they're. Hey. If they're going to start charging, then I think people are going to make a mess in there just to get their money's worth. They're just gonna do, you know.

• 11:56Speaker 00

  Yeah, that's gonna blow up.

• 11:57Speaker 03

  But here's what I will say, and I learned, I learned my lesson on this. So you may be looking today at social media, but that post may have come out 10 days ago.

• 12:09Speaker 04

  10 days ago. It got me. I'll tell you what.

• 12:12Speaker 03

  10 days ago was?

• 12:14Speaker 00

  April Fools.

• 12:15Speaker 03

  April Fools. I actually reached out to my, uh, my stepdad and I saw a thing that said the Chargers were going back to San Diego. Just yesterday, just yesterday. And I'm like, hey, or I was like, are you going to become a San Diego fan again? Because he loves the Chargers, but once you go to LA, San Diego people that grew up there, they don't, they don't like LA.

• 12:34Speaker 00

  I had a buddy of mine got me real good. He sent me a, uh, an In-N-Out video of some guy, local guy went to In-N-Out and got like a double chicken burger. It's on the hidden menu.

• 12:46Speaker 03

  Oh, yeah.

• 12:47Speaker 00

  I was all excited. I was, I looked at the, the comments and said, April 1st only. I was like, okay, you got me.

• 12:52Speaker 03

  I, I wanted to see that you went through the drive-through and waited 20 minutes. You're like.

• 12:55Speaker 00

  I almost sent it to my family too.

• 12:58Speaker 04

  Yeah.

• 12:58Speaker 03

  Can I get the, uh, chicken burger?

• 13:02Speaker 04

  I want to hear some more stories, listeners. If you've got anything, you need to get the messages in and we will be happy to share them on the air and on the, on the, on the P cast.

• 13:09Speaker 00

  Anytime 661-396-1000.

• 13:13Speaker 03

  Boom. But yeah, back to that story. I do believe that our research has told us that was an April Fools joke. So the

• 13:20Speaker 04

  Down the drain.

• 13:21Speaker 03

  Yep. The next, the next one came in, said, I know tariffs aren't always good, but can you share any good tariffs? Trying to stay positive. Thank you guys. Love the show. Keep it up. So on a, on a big picture, I think that fundamentally tariffs are all meant to be positive. I think there's not a whole lot of tariffs that are meant to be negative. Um, but, but there are other countries would maybe see it as a negative. But, but in the intentions is, is to protect like the country that the tariff is,

• 13:53Speaker 04

  Yep.

• 13:53Speaker 03

  You know, we're protecting our workers. So if you're going to bring in your goods and your services here, you're going to have to pay a 10% tariff or a 25% tariff. All countries around the world have tariffs, just FYI. We really have paid for those because people import things here with little to no tariffs. And so we want to talk about just some of the five positive qualities that tariffs kind of are intended to do. And you can disagree with, with what Trump is doing or whatever. Um, but, but on the big scale, some of the things that terrorists are trying to do is they're trying to protect domestic industries. So again, whatever the country is that's putting together a tariff, they're trying to protect

• 14:35Speaker 03

  that country's industries, whether it be, uh, you know, metal, steel, uh, production or agriculture, different things. We're trying to protect those industries so that if you're going to bring in your agriculture, you're going to have to pay a little bit of an increase so that we can protect our local farmers, our American farmers, our American manufacturing, those types of things. Another thing is it encourages job creation. Again, you're wanting to protect the American workers, you're wanting things to be made here. I know that there's been jokes that some of the jobs that are maybe in China, like we don't want here in America, but but still, you're saying that that that you could do that here in America and be competitive because they can no longer bring those goods and services in cheaply. And you're trying to protect the American worker.

• 15:20Speaker 03

  And truly, if you do care about workers around the world, a lot of workers in different countries have horrible working conditions. So it does put pressure on those countries then to then step it up because they're not going to still be able to sell those goods and services here. Now, it could be bad for those people because then they wouldn't have any work at all, but at least it starts to level the playing field. What are some other things?

• 15:44Speaker 04

  I mean, one of the big ones is reduces trade deficits, you know, doing a little homework. It looks like we have a 295 billion with a B billion dollar trade deficit with China. That means the US imported goods worth 438 billion while our exports were 143 billion. So that's why we're trying to level that out. You know, along with the job creation, it's not just that it creates jobs specific to whatever that thing is that's being imported. It's all the it's the truck drivers that then take that to the factory. It's it's the security workers. It's everybody involved with that.

• 16:24Speaker 03

  Yep. Another thing that that people talk about, and I've heard some really great speeches on this, is it does strengthen national security and some people don't understand that, but when you think about national security, or you think about emergency situations, or you think about some of these different things that could happen, even if there was a war. If you are dependent on another country giving you basic

• 16:48Speaker 03

  Medical supplies, even pharmaceuticals and different things that that people need, and you're importing all that from other countries. Well, what happens if you don't get along with that country anymore?

• 16:59Speaker 04

  Yep.

• 17:00Speaker 03

  And they just don't send you those things. And we're not just talking about PPE and gloves and masks. We're talking about steel and things that we need to produce certain things that might be, you know, needed in certain circumstances. So it is one of those things where if we're producing more of that stuff in America, it can boost national security because it's vital to our safety and our infrastructure. And then obviously, the art of the deal, it leverages in trade negotiations.

• 17:32Speaker 04

  So wait, wait, wait. Does Donald Trump know anything about negotiating though? Is this, does he?

• 17:37Speaker 03

  It's the art of the deal, baby.

• 17:38Speaker 04

  The art of the deal.

• 17:39Speaker 03

  We're getting to see it firsthand.

• 17:40Speaker 04

  Absolutely.

• 17:41Speaker 03

  Some people love it, some people hate it.

• 17:42Speaker 04

  Some people absolutely despise it and some people are optimistic, optimistic.

• 17:47Speaker 03

  And I love the, I love the person that sent this in. Thank you for the thing. It says, trying to stay positive. It is definitely scary. It's one of those things that, you know, there's ramifications both ways and there's retaliations back and forth and a trade war is, is, you know, serious. It has impacts. But, but, you know, hoping that some of these positive things we talked about is truly at the heart of why some of these things are being done. And so hopefully it'll, it'll pan out.

• 18:17Speaker 04

  That's another benefit of if you have a good financial advisor you're working with, turn the TV off. You know, you should have confidence. Take a detox from all of this news and if anything, grab a book on investing. Grab a book and research some things. You know, it's just these headlines are, they'll suck the life out of you. That's what they're, they're wanting, they're wanting clicks. They're wanting a little dopamine when you look and see, oh my God, what's going on?

• 18:39Speaker 03

  And a lot of people don't realize, you know, tariffs are a thing that are not new to the United States. Obviously not in the last 30 or 40 years have they been as widely known. But you look at the history of our country, going back to the war of 1812, there was a tariff of 1816 as, as our young industries in America were starting to. Grow and and get get pushed forward. There was a tariff of eighteen sixteen and it was it was trying to protect the textile and manufacturing industries. Uh, to compete with cheaper British imports because they could ship stuff over even back then. For cheaper than, you know, getting a, a, a, a building and getting workers and getting all that stuff going. And so there was tariffs of eighteen sixteen. There was another tariff.

• 19:22Speaker 04

  I mean, we didn't have income tax. So we were heavily dependent. I think ninety-five percent of our country's revenue was on tariffs.

• 19:28Speaker 03

  Right. And as our country continued to grow and be successful, people wanted to bring things in here. We had tariffs, uh, that that created a lot of the revenues for America. McKinley tariff of eighteen ninety. It was controversial, but it was pretty strategic. Uh, again, going into industries and agriculture. Uh, there was another Fordney McCumber tariff of nineteen twenty-two after World War Two, protecting US farms. And factories, um, after World War One, um, I think I said World War Two, but World War One. So, you know, all these different things that went on. And they weren't all winners. Some of them had some bad impacts. Uh, you know, we joked about the Smoot-Hawley tariff of nineteen thirty.

• 20:09Speaker 03

  That is widely considered one of the worst economic policy blunders in US history. So yes, there's not been all winners. Um, sometimes they have unintended consequences. Um, you know, one of the ones that we bring up that we all would remember is, do you guys remember when they banned? Plastic bags at grocery stores? Do you remember when they did that?

• 20:29Speaker 04

  Oh, yeah. Like banned them all together?

• 20:31Speaker 03

  They banned them all together. Were, were you under a rock or something?

• 20:35Speaker 04

  When they first started pushing bringing your own bags.

• 20:37Speaker 03

  Yeah.

• 20:38Speaker 04

  Oh, I remember that.

• 20:39Speaker 03

  Yes. So what's funny is it was all intended to to quit waste and to quit these waste. It made it worse because people started using these bags that don't biodegrade at all.

• 20:49Speaker 04

  Super thick ones, right?

• 20:50Speaker 03

  And people then started having to buy trash bags for their trash cans because everybody, a lot of people used. Their grocery bags as as a trash bag. So it kind of like got double use. So all of a sudden, small trash bag, uh, purchases went through the roof, which moved, like it got rid of all benefits of what. The whole, so those are called unintended consequences.

• 21:11Speaker 04

  Something like not cleaning up the forest near the Palisades, those types of things improper.

• 21:16Speaker 03

  Could be.

• 21:16Speaker 04

  Yeah, I mean, just hypothetically, maybe.

• 21:18Speaker 03

  Yeah.

• 21:19Speaker 04

  I'll never forget, it's not easy. College I took in, a class I took in college, our job was to balance the US budget. We broke up into groups, you know, and oh yeah, we got this, we're smart. No, it really is hard, you know, uh, it's not easy.

• 21:32Speaker 03

  You guys couldn't figure it out in like seventh period?

• 21:35Speaker 04

  I don't know if I should say it, but do you remember Brian, my friend Brian? We both came up with, uh, uh, I'll share it offline and then see if we can share it.

• 21:45Speaker 03

  We're gonna have to screen this.

• 21:47Speaker 04

  It was a way, let's just say it was a way of reducing our social security expenditure based upon people's ages. We, we, yeah.

• 21:57Speaker 03

  All right. Yeah, we'll go through that because we don't want to offend anybody here. We're just trying to make people money wise. So like I mentioned, we're gonna, uh, can we take a break right now?

• 22:05Speaker 00

  We don't need to. No, if you want to get, we have a one more message and we could break in just around two thirty.

• 22:11Speaker 03

  All right. So MW Money Wise, listening to CNBC this morning, the analyst said people that were trading short, lost big on the trade. You can explain that investment.

• 22:23Speaker 00

  I think he meant lost big, but yeah.

• 22:25Speaker 03

  Oh, the, that, that were trading short, lost big on their trade. Okay. Um, I, I'm not sure exactly what you're talking about, but you know, some of the things that are going on behind the scenes and, and, and even it's, it's high level and complicated. Uh, one of the reasons the market moved in such a big way, from what I understand is other countries own our dollars, right? By basically owning debt. Well, if we're, we're putting tariffs on their, uh, their, uh, economy. Well, then they have to free up some of their capital. Well, how do they free up their capital if you're China? How do you free up your capital?

• 23:04Speaker 03

  You have to sell bonds. So bonds, uh, or the 10 year treasury took a big dip because they had to put a bunch of them up for sale. So anybody that was playing, uh, the market or doing short-term moves, if you were on the wrong side. Side of a day where the stock market goes up nine and a half percent, you were betting on it going down, which is one way that you can, you know, day trade or play the market. Yeah, that's a huge move and you can actually trade in multiples, which means if it goes down three percent, I, my account goes up nine percent. And so if you made a bet like that, and the same time the stock market goes up nine percent, you actually lost twenty seven percent.

• 23:47Speaker 03

  If you're trading in multiples of what the market does, so.

• 23:50Speaker 04

  And I think some of the patterns, some of this may, may have never happened. Just some of the way that the volatility is working, the big highs, the big lows all over. I don't think people have experienced a lot of this, so I think it's, some people are winning, some people are losing big.

• 24:04Speaker 03

  Yeah, and I'm not even sure if there's like, a lot of people don't realize there's circuit breakers on the market too. When it moves so fast, so quickly, sometimes trading will be halted for a period of time. They basically call it a cool off, uh, because again, people can get into panic mode. And if everybody's running and selling, uh, and so it doesn't necessarily stop everything, because obviously the markets can continue to go downward, but they do try to keep it from, it's certain percentage points, uh, as far as moves, so. But yeah, so that's, uh, that's the overall markets. Um, I was gonna talk about a little bit, I did mention the tariffs, uh, you know, going back, people didn't realize this, that

• 24:46Speaker 03

  uh, February first, actually, it was ten, just days after taking the market, ten percent tariff on China. They retaliated with a fifteen percent tariff on natural gas, um, and coal, and a ten percent on crude oil. Trump raises it. You know, I see your fifteen percent, he goes up to ten and twenty, and then it just went back and forth all the way until, uh, just recently to where it was getting ridiculous. And now, countermeasures, uh, China was up to eighty four percent on US goods, a hundred four percent on duties take effect. And President Trump then announced the same day, a hundred forty five percent on tariffs. So it's gotten a little bit out of control and obviously, uh, not good.

• 25:29Speaker 03

  Hopefully, we'll be able to get some resolution as far as what they're gonna do, um, and come to some sort of agreement, um, but obviously the stock market doesn't like that major uncertainty.

• 25:39Speaker 04

  It's, it's pretty wild too how, uh, We're living in a time when a president can can send out a message on because I think that's what triggered everything yesterday was his message sent through through truth social and that's what caused everything he that's how he announced this pause this potential 90 day pause on tariffs. I don't think we've ever seen that either.

• 25:59Speaker 03

  Yeah, it used to be to sit by the radio.

• 26:02Speaker 04

  Yep.

• 26:03Speaker 03

  In the afternoon after the Dodger game.

• 26:04Speaker 04

  Mm hmm.

• 26:05Speaker 03

  Listen to the president talk.

• 26:06Speaker 04

  Wake him up, wake the president up, hey.

• 26:08Speaker 03

  Yeah, so, uh, so, yeah, but this, uh, this trade talk has created lots and lots of, of volatility. Um, just gonna see if we had some of the other things I was gonna say is that, uh, positive outcomes from tariffs can be, uh, like steel mills can reopen. Um, uh, literally Ohio and Pennsylvania had had have had steel mills reopened because of some of these tariffs.

• 26:34Speaker 04

  Awesome.

• 26:35Speaker 03

  Uh, cause people don't realize that too is that in 2018 when, uh, Trump was first in office, he did put together, it was called the section 232 tariff that went in place in 2018 and it was trying to, um, allow, uh, US steel mills and, and, and factories stealing aluminum get back in the game. And again, you know, it, it's hard to sometimes even read through all the junk to know exactly what Trump was saying, why he was doing it and this and that. Um, and I agree with some people that sometimes it's kind of like what in the world's going on. Um, but a lot of the thought behind it is you don't want to be totally dependent on another country for steel and aluminum because if there was a war, if there was some sort of national crisis or something like that, you don't want to

• 27:18Speaker 03

  have some other country being able to say like, oh, well, we're not going to give you steel anymore as you rebuild X city or this city or that city because of this catastrophe. So, um, it, it, it's always been around actually the legal basis for, um, section 232 that he put back in. 2018 because it was actually the Trade Expansion Act of 1962. But he just basically declared that that this was national security, even though there wasn't necessarily a specific thing that happened, if that makes sense. So he kind of played fast and loose with the rules or what the Trade Expansion Act of 1962 was.

• 27:58Speaker 03

  But what that did was it put a 25% tariff on imported steel and a 10% tariff on imported aluminum. So, I mean, some people, that's a huge win and a huge positive. Like I mentioned, some steel mills opening back up. But if you're somebody that's in business that was importing steel and aluminum for cheaper and then repurposing that steel or that aluminum to resell, well, you just got a 25% increase on your goods and services. So there's always unintended consequences. There's pros and cons. They're very complicated. Obviously, it's not good when it seems like two presidents are just in some sort of little like yelling match back and forth when we're talking about very, very important things. So again, hopefully the markets can calm down.

• 28:43Speaker 03

  Hopefully people don't make irrational decisions with their investments, that you can take a deep breath, stay invested in a way that makes sense for you. It pans out in the end and obviously, you know, we're going to be at the end of this and we're going to be talking about this, just like I can mention a million other things that we've talked about on this radio show, why there's uncertainty in the market right now because of the debt ceiling or because of this issue or that issue. There's, there's just every, there's always something. Yep. And so take a deep breath and be money wise. We're going to be, be right back with Matt Gilliam.

• 29:14Speaker 00

  Have you been putting off your finances? Seize the day. Call the Money Wise office at 661-847-1000 or email [email protected] for more information.

• 29:31Speaker 03

  Welcome back. It's the Money Wise Show. We're live from the Garret Ellis padded radio room off Stockdale Highway, and we are excited to be joined by Mr. Matthew Gwen. I think I said Gilliam before the break. I apologize. It's getting a little warm in here. The markets have been crazy.

• 29:50Speaker 04

  The markets are getting to you.

• 29:51Speaker 05

  Yeah, your brains are scrambled.

• 29:52Speaker 04

  Kick the air on, please.

• 29:53Speaker 03

  Okay.

• 29:54Speaker 05

  We're down. We're down. We're up.

• 29:55Speaker 03

  Yeah.

• 29:56Speaker 05

  Now we're down.

• 29:57Speaker 03

  So again, principal of, are you even called the principal?

• 30:01Speaker 05

  I am.

• 30:02Speaker 03

  Director?

• 30:03Speaker 05

  I'm the president.

• 30:04Speaker 03

  President.

• 30:05Speaker 05

  So, yes.

• 30:06Speaker 03

  I said Presidente earlier, and I didn't know if, yeah.

• 30:07Speaker 05

  Yeah.

• 30:08Speaker 03

  So, yeah, but Matt Gwen, doing a phenomenal job over there. Been there since 2022 at Bakersfield Christian High School. So, speaking of stressful weeks, it's been a little bit of out of sorts for you this week. Not, not every week, kind of this activity?

• 30:20Speaker 05

  Yeah, we had a little swatting incident on Tuesday, so I had to go on lockdown and just very grateful to Bakersfield Police Department. Their response time was tremendous. They essentially surrounded our school, got units into the campus, just did a great job of covering that. Very proud of our teachers and our students. They were very calm. Everybody was safe, orderly. Obviously thankful to the Lord that he protected us and that it was just a prank, so.

• 30:47Speaker 03

  Yeah. Yeah, unfortunately, it's, it's one of those realities that we have to live in now. And even when it was, turned out to be just, just a SWAT incident, or, you know, prank, or whatever you want to call it, still, still pretty, still pretty traumatizing for the students.

• 31:03Speaker 05

  Sure.

• 31:04Speaker 03

  And even the police are having to respond as if it is a real event. And, you know, that, that dynamic that it puts in there. So unfortunately, it's just something we have to deal with. But yeah, it seemed like, like I said, me and Seth both have daughters there. So we also are thankful for the BPD that we're.

• 31:19Speaker 04

  Yeah, I was texting back and forth with her, and she didn't, you know, she didn't feel panicked. And I agree, the students and the, and the staff did a wonderful job making them feel safe and protected. And, and it's nice. And yeah, having come from a public high school myself, you know, it's like, almost like the boy who cried wolf, you know, with these things. But you, you still, you have to take every one of them seriously, unfortunately.

• 31:39Speaker 03

  Yeah, we actually had the assistant chief at our Rotary on Wednesday, and, and he basically said, it's like so hard because we're having to train our police officers to be going to these as if it's going to be real, but then also to take a deep breath because it could be just. A prank and so it's like creating that dynamic to where it's like it's not like you know 100% that you're going into a you know situation so it can create all kinds of tensions and stuff but uh but yeah so so glad everything was okay and hopefully none of our schools any of our schools in Bakersfield or anywhere for that matter have to deal with these kind of incidents but you said it was actually something like what was calculated and across the country that like these fake calls

• 32:18Speaker 05

  Yeah, we got word that the FBI actually is on this case they're working it they're tracking that it was over 100 I think there was 120 schools businesses churches all kind of affected at the same time very similar um it's it's always a little scary but we train for it you know our staff does the students have to train for these things now which is really sad but it's the reality that we live in and then obviously you could just see the professionalism from Bakersfield Police Department that day it was excellent so

• 32:47Speaker 03

  Awesome yeah awesome well like I said you've been at BCHS for since July of 2022 prior to that you were principal at Centennial High School so why don't we start with kind of uh you know what what pulled you over to BCHS and and why was that a good career move for you?

• 33:03Speaker 05

  Yeah, I was in the Kern High School District for 23 years and the last stop was principal at Centennial um you know had an opportunity to go to BCHS my kids had gone to BCHS um and I have eight nieces and nephews that also went to Bakersfield Christian and they've a couple of them have married some Bakersfield Christian grads so uh very much a BCHS family but what drew me there was the fact that um one I wanted to work in an environment where we can talk about Jesus that's important to me as a Christian and two um in a private school you can do the things that are important for kids right and you can focus on kids you're not focusing on what Sacramento wants you to be doing

• 33:46Speaker 05

  you're focusing on the right things at the right time you can be as flexible as you need to be and um to make sure that the students are really being served well and of course we want to do the all of that in an environment that you know talks about the gospel of Jesus so

• 34:01Speaker 03

  Yeah, and so you guys have been on a pretty big trajectory as far as growth and kind of expansion and some different things. So what are some recent things that you guys have done even bigger in that space as far as expansion, something even maybe on the east side of Bakersfield?

• 34:13Speaker 05

  Yeah, we got a great opportunity, starting in the fall of this upcoming school year, of expanding to the east side with a satellite campus at Canyon Hills Church. And it's a flexible sort of hybrid learning model where students are going to be getting instruction via online technology from our teachers on our main campus. They're going to have tutors present there to kind of help them with the work that they need and make sure that they're staying on task. And then every day at 2 o'clock, if they're an athlete, they're a drama kid in the band or whatever, we'll have a bus that will run out there, pick them up, bring them to our campus so they can participate in all our campus activities. And then every

• 34:56Speaker 05

  Thursday, because chapel's such a big part of our campus culture, we're going to bring those students to the main campus on Thursdays. They'll give them a chance to have face-to-face office time with their instructors, take their tests, do their lab work, and participate in chapel with the rest of the campus.

• 35:13Speaker 03

  So, one of the ways, or one of the things that, you know, like, one of the things that I love about Kern High School is because Seth was a teacher in Kern High School District. I did too. I was in special education, but I've always had a heart for education. Most of my kids all went through public school. It's actually just Matty's senior year that we're doing at BCHS and we're loving it. But I've been very impressed with some of the things Kern High School District's doing as far as career readiness. What are some things that, because you're just a single campus, or because, you know, those things, what are some of the things that you guys are doing or putting together for, like, career readiness, or even a focus on college?

• 35:48Speaker 05

  Yeah, we've had opportunity to partner with Adventist Health and create a medical, a healthcare academy. It's a tremendous program where students are getting insights from doctors and medical professionals that come to campus, and they have seminars and talks with our kids on campus. When our students get to be 16 years old, so they go to the San Joaquin campus and they work at Adventist Health and they learn every aspect of the healthcare industry, not just all the clinical stuff, you know, a lot of kids are thinking, hey, I want to be a doctor or I, you know, I want to be an anesthesiologist or something of that nature. And so they get exposed to that and they can find out if it's, if that's what they want to do, but

• 36:33Speaker 05

  they're also going to learn about billing and HR components and all the other things that make, you know, really go into a quality healthcare program. Mm-hmm. We feel it's a great partnership. We're so grateful to have Adventist Health helping us in that. We've also got a new partnership that we're going to launch next year with Cornerstone Engineering. And that one, it's totally, Cornerstone's a great firm. It's locally owned. It's a Christian family that owns it. They've been super supportive and they really caught the vision of, we want real, relevant, practical experiences for our students. And the goal is to train up kids so that they can go off to college, be prepared, and then we can bring them back to Kern County, right? We don't need a brain drain from Kern County. We want to keep these people here. And so Cornerstone, love that

• 37:18Speaker 05

  concept. They've done a great job, Kent Halli over there, of really committing to building out a quality program. And they're a firm that covers a broad swath of engineering formats. So our kids will get just a ton of experience. And then we also, next year, are going to be launching a ag business academy. It's more of a general business focus, but because agriculture's the number one industry in our area, we really want to make that be the main thing. Again, we got great companies. Kern County's a great place. We just need to develop the talent to keep it here so that our home can

• 37:54Speaker 04

  That's the big thing is you get everybody trained up and then maybe they want to go off to school. So this is great to keep them here in our community. And one of the things I've noticed from day one, and one of the reasons we committed to having my daughter go there was the whole environment that you guys create at BCHS is it's like college. I mean, it really, the campus is really clean. People, you know, are respecting the property, but it's just really got a call, like a true college preparatory feel.

• 38:21Speaker 05

  Yeah, I mean, that's, that's the goal, right? We want to be pushing kids to apply the talents that God's given them to come back and to serve. And service is a big part of what we try to instill in our kids. We have a big serve day every year where we take all the kids off campus and they assist various nonprofits throughout the year. But we really, it's a, it's a preparatory school and preparatory program and hopefully we're prepping them to go out into the world and then come back and really strengthen our community. We all need good, solid, godly neighbors here in Kern County and that's what we're aiming to do.

• 38:55Speaker 04

  And the athletics, is it 60 or 70%? Something like that of all your students participate in at least one athletics?

• 39:02Speaker 05

  Yes. I don't know the exact statistic, but it's a ton.

• 39:06Speaker 04

  It's huge.

• 39:07Speaker 05

  It's a ton. We try to create as many opportunities. Again, to talk about, you know, we want to be student focused. We had a couple of kids come in three years ago when I first got there and they were talking about wrestling. We didn't have wrestling at the time and they really wanted to wrestle and so we kind of ran the numbers and gauged interest and we kicked off a wrestling program. And this year we were blessed to have four student athletes make it all the way to the state wrestling tournament. And, you know, I can tell you from being in education for a long time, when your school gets one kid to the state wrestling tournament, that's a very proud moment. And we had four in essentially our third year of our program. Same thing with, we're the only school that has beach volleyball that really was driven by the kids and then boys volleyball.

• 39:50Speaker 05

  We're the only school with boys volleyball and next year we're going to be the only school that has girls flag football.

• 39:55Speaker 04

  I was going to ask you about that. I heard the rumors. My daughter's like, man, I don't know what to do.

• 39:59Speaker 05

  She needs to go out. She needs, she would be good. She would actually be good. So she, she would be perfect for that.

• 40:05Speaker 03

  We're just going to take a break real quick and I'm glad that you clarified when you said like going to state and stuff. When you said a wrestling program, I didn't know if we were talking about like chairs and table throwing.

• 40:14Speaker 04

  Like COVID wrestling?

• 40:15Speaker 03

  I didn't know. So we're talking about like singlet wrestling.

• 40:18Speaker 04

  That's the other pathway. The pro wrestling pathway.

• 40:21Speaker 03

  We're going to take a break. Stick around.

• 40:23Speaker 00

  Money Wise Wealth Management is the only locally owned, independent firm that uses a comprehensive wealth, tax and estate approach. Working closely with a highly trusted CPA and attorney. For information on how Money Wise can help you invest and plan for your future, call 661-847-1000.

• 40:47Speaker 03

  Welcome back. This is the Money Wise Show. We are having a great time sitting here talking about BCHS and the President, Mr. Matthew Guinn, and some of the exciting things going on around there and some of the cool things going on in the campus. And I was thinking a little bit about the financial side of it because it's, you know, the great thing about public education is you don't get a bill. It is a big commitment for families to make. And so, as a President, how do you balance kind of the investment being made and the financial restraints of, you know, the campus, the families in making this decision? What are some ways that, you know, parents and grandparents, what advice do you give

• 41:32Speaker 03

  them if they're considering maybe a Christian education? Or why they could kind of look at it as a big investment into the spiritual lives of those students?

• 41:41Speaker 05

  Yeah, I mean, that's how you do need to look at it. Like, you're investing in your child's overall welfare, right? We do try to focus on the whole child. And I think one of the things that's different, when I was at public education, the bell would ring on the first day of school and the kids just showed up, right? And then the bell rang on the last day of school and they all went home. For us, every kid is super important. We don't get any state funding, we get no federal funding. And so, it's all about relationships that we're building with the families that are going to entrust their most precious possession to us, which is their child. And so, we have a huge responsibility and it's one that we don't take lightly. And so, I would just encourage families, when you consider that you have a free option

• 42:26Speaker 05

  in public education and then you have pay to come to our school, to really consider what it is that you're hoping to get out of your child's high school educational experience. Or I do need a plug too. We are, we come alongside Stockdale Christian, so next year, we're going to have a K through 12 focus too. So, if you're looking at an elementary school, yes, the cost is one thing, but look at the sort of the school, family, or the community that you're going to be joining, how those people are going to be pouring into your kid, and consider the fact that that child is going to be super, super important. To the school and that the school is going to do everything that they can to try to serve your, serve your child and partner with you in making sure that your kid can

• 43:11Speaker 05

  excel and achieve and accomplish all the things that we think that God has planned for them. I would say that we do work very hard. In fact, the bulk of our fundraising is efforts are tied to making sure that we can keep that cost low. But in public education, they're getting about $30,000 a year per student. Our tuition is 15,975. And Seth, to your point, you consider our athletic programs, the facilities that we have, the campus that we have. Every dollar is super important to us and we make sure that we maximize it.

• 43:46Speaker 03

  Right.

• 43:47Speaker 04

  Yeah, I mean, you, you just walk through the campus and you can see all those dollars are going right back into the school, right back into the students, every penny from as a parent of a daughter there. It's like everything is spent back on those kids and, and I love the fact that it's not, not to get political, but it's a fact that the state of California is what drives the public education system and their agendas get, get placed down very heavily on these kids. And if you have a more conservative values for your family, then BCHS is a, is an amazing place to send your kids.

• 44:19Speaker 03

  You know, and one of those, one of these things is, is, you know, sometimes when you talk about financial planning, when you talk about wealth management like we do, there's a tendency to think like you're not supposed to spend any money and you're just supposed to save every money and invest every dollar and, and, you know, die with a million dollars. And a, a, a comprehensive plan like incorporates your goals, your values, what's most important to you. So, you know, there's only so many dollars and not everybody can maybe afford, you know, a Christian private education. The one thing I will say is, is like I said, most of my kids went all the way through public education and I, we are faith-based, we are Christians. I was wonderfully happy with so many wonderful experiences.

• 45:04Speaker 03

  You yourself were a public educator and I'm sure you poured into the students the same way you are you now, just a little bit of a different kind of a rule, set of rules, if you will. But it is one of those things where when you think about what you can accomplish with your money, like you get to the end of your life and you can leave 90,000 or 60,000 extra dollars to your kids when you pass away, or you strategically as maybe a grandparent partner with your kids and look into something like this, if this is where your heart is and this is where your values in, and then you get to watch it before you move on to the next phase of our existence, right? You get to enjoy it, you get to watch it, you get to be an active role in if you're in a situation where you can do that. So, a good financial plan is not, don't spend any money and just die with a million dollars.

• 45:49Speaker 03

  It's how can you use your money strategically to make it be put to use in the best way possible? And so, I mean, I'm definitely seeing the fruits of Maddie finishing her senior year there.

• 45:59Speaker 04

  Do you need a new car? Do you need a new car payment if you have a car that works great and runs great? You know, those are the decisions for us we had to make, you know, that we're willing to make the sacrifice.

• 46:07Speaker 05

  Yeah, they're decisions that my family made too. I mean, I think that that's important is that before I even worked at Bakersfield Christian, I had students that went there. So, I really understand what that commitment is. And we never felt that it was a sacrifice, right? It was a commitment is where we prioritized our dollars. I would encourage listeners, if you're interested in attending a private school, you know, really do your homework on the school, make sure it's the right fit for your kids. And then they do have tuition assistance programs. We have a very robust one. Like I said, we spend a lot of time trying to raise money to support families because we don't want to turn away any family that wants to come to Bakersfield Christian. We want to make sure that we can get them there. We

• 46:48Speaker 05

  use a third-party provider and we really take seriously how we dial that in so that it's giving people an accurate projection of what this, what we feel like they could afford. But we don't know their finances, right? I mean, you prioritize your spending the way you need to prioritize in your family. If you choose to do it with us, you just know that you're going to have a great partner in your kid's education.

• 47:11Speaker 04

  We had a quick shout out to you. It says, President Gwen is a true blessing to the school and my family has been very... And my family have been really happy that he is with us now.

• 47:22Speaker 05

  Oh, that's great.

• 47:23Speaker 04

  Yeah.

• 47:24Speaker 03

  And it's funny, I met you last year just doing some stuff on the campus before my daughter even went to that school and just being around on the campus is what kind of motivated us to to take the step our senior year, just kind of seeing how things were going and getting to know some of the staff. So, you know, I hope everybody's having a wonderful high school.

• 47:41Speaker 04

  Wonder how you and I would have done over there, buddy, because we went to Stockdale together back.

• 47:45Speaker 03

  Yeah, we probably could have used some guardrails.

• 47:47Speaker 04

  We could have used a few guardrails.

• 47:48Speaker 05

  We disciple, we would pray for you, we would come alongside you.

• 47:52Speaker 04

  Laying hands on us.

• 47:53Speaker 03

  Yeah.

• 47:54Speaker 04

  Thank you so much for coming in, man.

• 47:55Speaker 05

  Thank you, guys. I appreciate it.

• 47:57Speaker 03

  Yeah, we did have a quick question come in. I'll just cover it real fast. It says, what's an ADR? It is an American Depository Receipt and it's basically a way to buy stocks for a foreign company on the US exchanges. So it's kind of like a receipt for a foreign company and you get to hold that stock in the US markets. So hopefully that helps you out. But thanks for being here, Matt Guinn. Thanks for BCHS and all the great things going on over there. And most importantly, listeners out there, be safe, be smart, be money wise.

• 48:24Speaker 02

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