Tip:
Highlight text to annotate it
X
HI, THERE, I'M TERESA AND
YOU'RE WATCHING "CONNECTICUT
STYLE."
WHAT'S THE BEST WAY TO SAVE FOR
RETIREMENT?
DATE SCRANTON SAYS IT'S ABOUT
CONSERVATIVE INVESTING.
ON STAGE EIGHT, YOU'RE GONG TO
WANT TO JOIN IN WITH AN
INTERACTIVE DRUMMING EXPERIENCE
LIKEOU'VE NEVER SEEN BEFORE.
I'M HERE IN THE KITCHEN WITH
MELISSA WHO BRIGHTS A BLOG.
I DO COOKING FROM SCRATCH,
EVERYTHING FROM SCRATCH.
TODAY WE'RE GOING TO MAKE
CHRISTMAS IN A COOKIE, WHITE
CHOCOLATE PPERMINT BEGAN NASH
BETWEEN TWO SALTED COOKIES.
I LOVE THAT.
TELL EVERYONE AT HOME WHAT THEY
NEED TO DO.
SIT BACK, RELAX, YOU'RE
HAVING LUNCH WITH STYLE.
[ ♪ THEME ♪ ]
IN THESE CHALLENGING ECONOMIC
TIMES WHEREHE FISCAL CLIFF IS
LOOMING, PEOPLE ARE WORRIED
ABOUT SAVING ENOUGH FOR
RETIREMENT.
DAVID SCRANTON IS HERE WITH TIPS
FOR CUTTING THROUGH THE
CONFUSION TO SAVE COMFORTABLY
FOR YOUR RETIREMENT.
LET'SALK ABOUT YOUR BUSINESS
FILE.
IT'S KIND OF UNIQUE.
I LIKE TO TELL PEOPLE THAT I
SPECIAL ICE IN EVERYTHING OTHER
THAN THE STOCK MARKET.
IN OTHER WORDS, WE SPECIALIZE IN
THE UNIVERSE OF INCOME
GENERATING STRATEGIES.
OK, HOW DID YOU DEVELOP THAT.
IT ALL STARTED BECAUSE I HAD
BEEN A STOCK MARKET-BASED
INVESTMENT ADVISOR, LIKE MOST IN
THE HEY DAY OF THE 1980'S AND
1990'S.
I'D ALSO BEEN A PRETTY GOOD
STUDENT OF STOCK MARKET HISTORY
AND HISTORICAL CYCLES AND TRENDS
AND HAD REALIZED THAT WE'RE
ABOU TO COME TO THE END OF THE
GOOD TIME AND THE MARKET WAS
GOING TO TURN.
WHEN IT DID TURN, IT WAS
PROBABLY GOING TO BE ABOUT 20
YEARS IN A BEAR MARKET BEFORE
THINGS GOT BETTER.
IN THE SPIRIT OF TRYING TO DO
WHAT'S BEST FOR MY CLIENTS, I
CHANGED MY BUSINESS MODEL RIGHT
IN THE LATE 1990'S.
WHY DO YOU SAY HISTORY IS
RELEVANT AND IMPORTANT WHEN
MAKING INVEMENT DECISIONS?
HISTORY IS THE THING THAT GOT
ME TO DRAW THIS CONCLUSION, AND
QUITE FRANKLY, YOU KNOW, WE GO
BACK NEARLY 200 YEARS IN THE
STCK MARKET, YOU FIND EVERY
TIME WE HAVE A BULL MARKET
CYCLE, GOOD PERIOD, IT'S USUALLY
15 YEARS, GIVE OR TAKE A LITTLE
BIT.
EVERY TIME WE GET INTO A BEAR
MARKET CYCLE, IT'S USUALLY 20
YEARS OR SO OR LONGER.
WHEN I TALK ABOUT A BEAR MARKET,
I MEAN AN EXTEND CREATIVE ZERO
GROWTH ACCOMPANIED BY A LOT OF
MARKET VOLATILITY.
OW CONSISTENT ARE LONG TERM
MARKET CYCLES?
THEY'RE REPEATABLE, PREDICTABLE?
THEY ARE VERY REPEATABLE AND
PREDICTABLE.
IN HISORY, GOING BACK AS MUCH
AS 200 YEARS, YES.
WHAT'S THE DIFFERENCE?
A LOT OF PEOPLE TALK ABOUT
ECONOMIC RECOVERIES, RECESSIONS
AND SO ON YOU.
HAVE TO UNDERSTAND THAT IN A 20
YEAR BEAR MARKET, YOU HAVE GOOD
ECONOMIC TIMES AND BAD ECONOMIC
TIMES.
THAT BAD STOCK MARKET CYCLE,
THAT BEAR MARKET IS MUCH MORE
POWERFUL THAN EVEN THE GOOD
ECONOMIC TIS.
THAT'S WHY I CALL IT A BIO
RHYTHM.
IT'S MUCH BIGGER THAN ANY OHER
ECONOMIC CYCLE.
WHAT DO YOU MEAN BY GROWING
YOUR MONEY THE OLD FASHIONED
WAY.
YOU KNOW, TRADITIONAL
INVESTING HAS TO DO WITH
INVESTING IN THE STOCK MARKET.
I OFTEN SAY THAT YOU'RE INVESTOR
IS CROSSING HIS FINGERS OR TOES,
HOPING TO GET CAPITAL
APPRECIATIO.
SOMETIMES WE FIND OUT THAT IT
CAN TURN INTO SHRINKAGE INSTEAD.
INVESTING THE OLD FASHIONED WAY
IS INVESTING FOR INCOME.
THAT INCOME CAN BE USED TODAY
AND SPENT IF SOMEONE NEEDS IT,
OR CAN BE REINVESTED TO GROW
YOUR MONEY THE OLD FASHIONED WAY
OR ORGANICALLY.
GOT IT.
WHY DID YOU DECIDE TO WRITE THE
BOOK?
I WROTE THE BOOK OUT OF
FRUSTRATION THAT MY PEERS, I
DON'T MEAN PEERS LOCALLY, HAVE
AN ABILITY TO BURY THEIR HEADS
IN THE SAND WHEN THE MARKET
TURNS BAD.
THEY TELL CLIENTS TO HANG IN
THERE AND STAY THE COURSE.
ACTUALLY, WHAT'S INTERESTING IS
WHEN THE FIRST DROP HAPPENED
SINCE THE TURN OF THE CENTURY
AND THE SUBSEQUENT RECOVERY
RIGHT AREN'T 2006, I'D HOPED
THAT A LOT OF OF MY PIERCE WOULD
CHANGE THEIR BUSINESS MOD EMAS I
DID AND I SAW THAT THEY JUST
HADN'T DONE IT
AT THAT POINT, I ACTUALLY
STARTED A COMPANY CALLED
ADVISOR'S ACADEMY WHERE WE TEACH
AND TRAIN AND PROVIDE RESEARCH
FOR OTHER ADVISERS.
I THOUGHT THAT WOULD HAVE
EFFECT.
UNFORTUNATELY, IT DIDN'T.
THE SECOND DROP HAPPENED IN
2008, 2009.
IT SEEMED MOST OF MY PEERS WERE
BURYING THEIR HEADS IN THE SAND.
I DECIDED IF I WANTED TO GET THE
WORD OUT TO THE PUBLIC ABOUT HOW
PREDICTABLE THESE CYCLES REALLY
ARE, THEN I NEED TO WRITE THE
BOOK.
GOT IT.
WHAT ARE SOME OF THE BENEFITS
WITH WORKING WITH A FINANCIAL
PROFESSIONAL?
WELL, EVERYBODY IS EMOTIONAL
ATTACHED TO THEIR MONEY.
THAT'S WHY OFTEN PEOPLE MAKE THE
LONG DECISIONS, YOU KNOW, BUYING
LOW AND SELLING HIGH IS A REALLY
SIMPLE CONCEPT, BUT IT'S NOT
EASY, BECAUSE THE HUMAN MIND
GS IN THE WAY.
THE IDEA IS THAT A FINANCIAL
ADVISOR IS SOMEBODY WHO SHOULD
BE EMOTIONAL DETACHED FROM YOUR
MOY, WHICH MEANS THEY SHOULD
MAKE GOOD OR AT LEAS HELP YOU
MAKE GOOD, LOGICAL INFORMED
DECISIONS.
THEY ALSO SHOULD BE ABLE TO
EDUCATE YOU.
A GOOD FINANCIAL ADVISOR IS KIND
OF LIKE A COACH.
A COACH CAN'T PLAYHE GAME, BUT
HE CAN TRY TO GET THE MOST OUT
OF HIS PLAYERS.
SURE.
WHERE CAN WE FIND YOUR BOOK,
DAVE?
IT IS AVAILABLE ON
AMAZON.COM OR BY CALLING MY
OFFICE IN WESTBROOK,
CONNECTICUT.
YOU HAVE SOME ADULT EDUCATION
CLASSES COMING UP.
YES, YES.
YOU NEED TO PREREGISTER,
EY'RE COST ASSOCIATED.
YES, WE'RE TEACHING TWO OF
THEM COMING UP.
FOR MORE INFORMATION, CALL OR
VISIT SCRANTONFINANCIAL
GROUP.COM.
NEXT, CHRISTMAS IN A COOKIE.
STAY WITH US, MORE STYLE AFTER
THE BREAK P.M.
[ ♪ THEME ♪ ]
BY DAY, MELISSA IS A GRAPHIC
DESIGNER, BY NIGHT CHAN ELSE HER
ACTIVITY THROUGH BAKING AND HER
BLOG.
WELCOME TO THE SHOW.
THANK YOU FOR HAVING ME.
TELL ME ABOUT YOUR BLOG.
I BAKE AND A COOK, BUT
EVERYTHING IS MADE FROM SCRATCH.I TRY TO MAKE IT TANGIBLE.
BECAUSE SOMETIMES THAT CAN BE
ITIMIDATING.
EXACTLY.
PUT AWAY THE BOXES AND WE CAN
MAKE IT FROM SCRATCH AND IT
TASTES BETTER.
THAT'S WHAT WE'RE DOING
TODAY.
YEAH.
SO WE'LL START HERE.
OK.
WE'RE GOING TO MIX OUR DRY
INGREDIENTS.
WE'VE GOT FLOUR, BAKING POWDER.
WE WILL GET MESSY.
WHERE DID THE NAME.
CHRISTMAS IN A COOKIE.
IT CAME FROM CHRISTMAS IN A
OWL, WHICH IS A CHOCOLATE
PEPPERMINT TRIFLE.
I MADE IT AT WORK ONE YEAR AND
SOMEBODY SAID THIS TASTES LIKE
CHRISTMAS IN A BOWL.
I DECIDED THAT I NEED TO EXTEND
THE CHRISTMAS IN US, NOW WE HAVE
CHRISTMAS IN A COOKIE WITH THE
SAME ESSENCE.
I LOVE THAT.
WE HAVE OUR DRY INGREDIENTS.
YES, DRY INGREDIENTS.
WE ADD UNSWEETENED COCOA POWDER.
YOU CAN GET IT AT TRADER JOE'S.
YOU WANT HIGH QUALITY, BUT
BASICALLY BUY WHAT YOU ARE
AFFORD.
WE'RE GOING TO SKIP SIFTING.
PULL OUT YOUR WHISK.
THERE'S NO SALT IN THIS MIX.
WE'RE GOING TO ADD THE SALT ON
TOP FOR EXTRA SALTY FLAVOR.
SWEET-SALTY'S ALWAYS A GREAT
COMBO, RIGHT?
I THINK THE SALT MAKES THE
SWEET SWEETER.
COMPLIMENTS IT NICELY.
WE'RE GOING TO CAM TOGETHER
OUR BUTTER AND SUGAR.
WE'RE GOING TO ADD THIS IN.
THIS IS A DRIER, CRISPIER
COOKIE.
IT'S NOT GOING TO BE A SUPER WET
DOE.
HOW MUCH BUTTER DO YOU HAVE
INTHERE?
BUTTER, WE HAVE ONE AND A
HALF STICKS OR THREE QUARTER
CUP
WE'RE GOING TO BLEND THIS
TOGETHER.
YOU CAN KIND OF SEE IT'S NOT A
WET MIXTURE, WHICH IS KIND OF
NICE.
A LOT OF PEOPLE SAY GET IT LIGHT
AND FLUFFY, BUT WE DON'T NEED TO
DO THAT TODAY.
VERY GOOD.
ONCE THIS COMES TOGETHER?
WE ARE GOING TO ADD IN OUR
EGG.
WOULD YOU LIKE ME TO HELP?
YES, PLEASE.
HOW MUCH EGG, JUST ONE?
YEAH.
YOU'LL SEE I USE A BROWN EGG.
IT DOESN'T MATTER.
THERE'S NOT MUCH DIFFERENCE.
YOU WANT ONE LARGE EGG, ROUND OR
PRETTY, IT'S NOT THAT BIG OF A
DIFFERENCE.
GOT IT.
ONCE THIS COMES TOGETHER, WE
DON'T WANT TO SEE BUTTER CLUMPS.
WANT EVERYTHING EVENLY
INCORPORATED.
WE ARE GOING TO GO BACK TO OUR
DRY CREED AGAINST THE AND ADD
THAT IN.
IF YOU WANT TO GRAB THAT, WE'RE
GOING TO ADD IN A LITTLE AT
TIME.
OK.
RIGHT NOW?
YEAH, I'LL SLOW IT DOWN SO I
DON'T BLOW FLOUR EVERYWHERE.
THE OVEN PREHEATED TO 375.
YOU CAN LINE YOUR BRAKING SHEET
WITH PARCHMENT PAPER OR
SOMETHING THAT KEEPS IT FROM
STICKING.
OH, I'M STARTING TO SMELL
THIS.
IT SMELLS GREAT.
UH-HUH.
YOU CAN ADD IN THE REST WITH
THAT.
ALL RIGHT.
I KNOW BY DAY, YOU'RE A GRAPHIC
DESIGNER AND HAVE PRETTY GREAT
PICTURES ON YOUR BLOG.
WHY DON'T WE PUT THEM UP.
PRETTY, WHAT IS THAT?
THAT'S MY MOM'S MACARONI AND
CHEESE PASSED DOWN FROM HER MOM
AND PROBABLY HER MOM.
THAT'S GREAT.
WHOO, WHAT'S THAT?
THAT IS A BLUE APPLE PIE.
IT ACTUALLY HAS BLUEBERRIES IN
IT, BAKE IN A RAMEKIN RATHER
THAN A NORMAL PIE DISH.
THAT WAS ME DROPPING THE BOWL
IF ANYONE IS WONDERING AT HOME
BUT WE'RE OK HERE.
WHAT IS THIS?
TH IS AN UPSIDE DOWN APPEAR
CAKE, WHICH IS KIND OF NICE.
IT CARAMELIZES WHEN IT BAKES.
I INCORPORATENOT IN THIS RECIPE
A WHOLE WHEEL FLOUR INTO MY
BAKING.
THAT RECIPE HAS IT AND YOU'D
NEVER KNOW.
AT CHRISTMAS TIME, WE ALWAYS DO
THAT.
NOW WE'LL ATE IT ON THE BAKE I
GO SHEET.
I USE A SCOOPER.
IT BREAKS SOMETIMES, SOYOU CAN
USE YOUR HANDS.
WE LOOK PROFESSIONAL SOMETIMES
EVEN WHEN WE'RE NOT, HENCE THE
WORD FAUX.
YOU PUT IT ON THE PAN.
I USE PARCHMENT PAPER.
WE'RE GOING TO PLATE 12 UP ON A
BAKING SHEET.
THEN WHAT WE'RE GOING TO DO
AFTER THAT, I' JUST SHOW YOU
GUYS THIS.
THESE ARE MORE CRUMBLY THAN
USUAL.
WE'RE GOING TO USE THE BOTTOM,
YOU JUST NEED A FLAT SURFACE,
THE BOTTOM OF A CUP, I USUALLY
PUT A LITTLE FLOUR, BECAUSE IT'S
GOING TO STICK AND WE'RE JUST
GOING TO FLATTEN THESE GUYS.
IF THEY STICK, JU PULL THEM
OFF.
WE'RE GOING TO ADD A LITTLE MORE
FLOUR, KEEP FLATTENING THEM.
WE HAVE A MINUTE LEFT.
YOU WOULD DO THAT WITH ALL 12.
EXACTLY.
WE'RE GOING TO SALT THEM.
I SAID SALT AFTERWARDS.
IT COMPLIMENTS THE SWEETNESS OF
THE COOKIE FOR SO MUCH MORE.
ULL IT OUT AND REMOVE IT FROM
THE PAN TO STOP COOKING.
ALL RIGHT.
HOW DO WE GET THE MDLE, THE
FUN PART HERE?
THIS IS THE FUN PART.
WE HAVE MADE A PEPPERMINT
GANACHE.
YOU'RE GOING TO HAVE WHITE
CHOCOLATE, PEPPERMINT AND BUTTER
IN A BOWL.
YOU CAN CRUSH YOUR PEPPERMINT,
USE SMALL CANDY CANES, THAT
WORKS EASIER.
IT'S GONG TO TURN THIS PRETTY
PINK.
THAT'S GREAT.
THEN WE ARE JUST GOING TO POP
IT.
SO, JUST.
SPREAD IT AROUND AND WE'RE
MAKING A COOKIE SANDWICH?
YEAH, WE'RE GOING TO SPREAD
IT, ADD PEPPER MINUTES AND ADD
IT TOGETHER.
THAT'S IT?
LIKE THAT, JUSTADD A LITTLE
BIT OF THAT.
JUST A LITTLE MORE, HOW ABOUT
THAT?
YOU ALWAYSNEED MORE
PEPPERMINT.
SMASH AND YOU'RE GOOD.
WE'RE DONE.
I'S PRETTY EASY.
WE'RE GOING TO TRY IT COMING UP
AT THE END OF THE SHOW.
THANK YOU FOR BEING HERE.
THE NAME OF YOUR BLOG AGAIN?
THE FULL MARTHA.
UP NEXT, I'M GOING TO LEARN
TO PLAY THE DRUMS.
WE'LL SEE YOU RIGHT AFTER THE
BREAK.
DON'T GO ANYWHERE.
♪
♪
YOU'VE BEEN WATCHING DRUMMING
ABOUT YOU.
THIS IS THE BOB.
PRETTY COOL STUFF.
THANK YOU.
WE HAVE SOME OF YOUR STUDENTS
WITH US HRE TODAY.
TELL ME HOW THIS ALL GOT
STARTED.
I BEGAN DURING INTERACTIVE
DRUMMING WORK A NUMBER OF YEARS
AGO.
WHEN I RAN INTO SOME OTHER
PEOPLE, NOTABLY A GUY WHO TURNED
ME ON TO THIS WHOLE IDEA OF
LEADING GROUPS TO SPONTANEOUSLY
PLAY PERCUSSION INSTRUMENTS.
I STARTED DOING THIS IN 1995.
WHO CAN DO THIS, CAN ANYONE?
THAT'S THE IDEA BEHIND IT.
ALL WE NEED TO REMEMBER IS IF
YOU CAN SAY IT, YOU CAN PLAY IT.
I LIKE IT.
SO THAT'S THE GUIDANCE ON HOW
MAKE THE SOUNDS COME FROM THE
DRUMS.
ALL RIGHT.
I KNOW YOU HAVE A C.D. ALSO
THAT'S OUT.
I DO.
IT'S CALLED WHERE'S YO DRUM?
IF ABODY AND DO IT, I WANT
TO GIVE IT A TRY.
HOLD IT LIKE THAT.
WITH ONE HAND, IF YOU CAN SAY
IT, YOU CAN PLAY IT.
YOU COME IN HERE, EVERYBODY SAY.
I LIKE SHORTENING BREAD, THEN
YOUR DRUM SAYS ILIKE SHORTENING
BREAD.
[ DRUMMING ]
JUST LIKE THAT?
♪
♪
♪
♪
♪
♪
♪
♪
♪
♪
THAT WAS A LITTLE BIT EASIER
WHEN YOUSLOWED THINGS DOWN, BUT
NOT HARD TO FOLLOW ALONG.
GREAT.
YOU'RE GOING TO BE IN WEST
PORT.
TELL US THE DETAILS.
WEST PORT IS A GREATVENT.
I'LL BE AT THE TOWN HALL IN THE
CENTER OF TOWN.
THERE WILL BE TWO SHOWS LIKE
THIS.
I'LL HAVE ENOUGH INSTRUMENTS
WITH ME FOR 200 PEOLE.
OH, MY GOSH!
HOW ARE YOU GOING TO DO THAT?
I TRIED THE CLOWNS COMING OUT
OF A VOLKSWAGEN WHEN YOU SEE MY
EQUIPMENT.
I'LL HAVE ENOUGH TO DO THAT.
THESE DRUMS ACTUALLY NEST
TOGETHER, SO I CAN GET A LOT OF
THEM IN ONE SPOT IN ONE BAG.
I GET A LOT OF HELP AND THEY
HELP ME GET MY STUFF IN.
I LITERALLY BRING ENOUGH
EQUIPMENT SO THAT 200 PEOPLE CAN
INTERACT.
THAT'S QUITE A PARTY.
AND THERE WILL BE TWO SHOWS,
ONE AT 5:30 AND ONE A THE 7:00.
THIS LITTLE GUY WAS GREAT.
HE KEPT THE BEAT GOING.
CAN YOU SHOW ME ANOTHER ONE?
SURE, LET ME HR YOU SAY I'M
THE BEST.
I CAN SAY THAT.
[ LAUGHTER ]
I'M THE BEST.
I'M THEBEST.
I'M THE BEST.
♪
♪
♪
♪
♪
♪
ALL RIGHT, WE'LL BE
LAST FRIDAY WE RACEDONEY
FOR THE BURN CENTER.
WE'RE BACK IN THE KITCHEN WITH
ALL OUR GUESTS TRYING TO FINISH
OFF THESE LOVELY CHRISTMAS IN A
COOKIE.
WE ADDED PEPPERMINT GANACHE,
TOPPED IT OFF WITH PEPPER
MINUTES AND PUT IT BETWEEN TWO
COOKIE
BOB, WHO DO YOU HAVE WITH YOU
HERE TODAY?
LUKE, STEVEN, AND DAVID.
ALL RIGHT.
OW WHERE CAN WE FIND MORE
INFORMATION ABOUT DRUMMING?
AT THE WEBSITE.
DRUMMING-ABOUT-YOU.COM.
WE'LL LOOK FOR YOU.
TELL US ABOUT YOUR BOOK AND
WHERE WE CAN FIND IT.
STOP FINANCIAL INSANITY, HOW
TO KEEP WALL STREET'S CANCER
FROM SPREADING TO YOUR FORT
POLIO, YOU CAN FIND IT AT THE
WEBSITE
stopthefinancialeconomy.com OR
GO TO AMAZON.
WE'LL HAVE A COOKIE.
EVERYONE DIG IN.
WE'LL TAKE O OF THESE.
THEFULLMARTHA.COM IS MY
WEBSITE.
WE'LL SEE YOU BACK HERE
TOMORROW.
HOW ABOUT A REGULAR WAVE.
BYE!