As the summer turns to fall and the Orioles appear to be headed in a postseason direction, our financial expert Leonard Raskin and Nestor playfully discuss just how much money October baseball will be costing and why you should start saving now. Let two Baltimore kids dream a little.
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Nestor Aparicio, Leonard Raskin
Nestor Aparicio 00:00
Looking back at W n s t, Towson, Baltimore, Baltimore positive were positively into. Well the salad days were 25 years into this thing. We have been celebrating all of our anniversaries and Oreos are celebrating their 40th anniversary this week. We were Costas and truck city last week. It’s all brought to you by our friends at the Maryland lottery in conjunction with window nation. I did have the crab mallet out from Rascon glow but every everyone is is amazed by the crab mallet that actually opens beer on the other side. Let her Raskin miss out on that he’s down at the beach living his best summer life you can find him at Rascon global as well as a Baltimore positive and from what I’m understanding you can find him at Oriole Park at Camden Yards at some point Dude, you’re when when the Orioles are bringing you back from Delaware and the beach on 85 degree summer midweek days. It’s not because you’re looking to beat the traffic, right? No,
Leonard Raskin 00:53
no, it’s because the boy we want to take the boy and go out to a game. And next Monday, he’s back to the Ohio State for school.
Nestor Aparicio 01:04
So this is you said college to gain a little knowledge at Little Jimmy Buffett reference there I got it. You send him off. And like all of these kids that go to school that are going away. They might wind up missing the World Series in Baltimore unless you start importing them back in late. And that messes with Bandcamp I gotta be honest with you, and you’re right.
Leonard Raskin 01:26
Hey, look, he’s he’s busy. He’s out there. But if if the O’s are World Series bound, and he’s never seen anything of the like, we’ll have to find a 45 minute southwest jet and put them on it. Bring them home for a game and if he misses a class or two who his four Oh will survive it.
Nestor Aparicio 01:45
Listen, I pitched back given Angelo’s $18 on a Tuesday night against the Astros right? I must say this you’re our money guy. You’re our financial Insider. We all sort of know what a trip to London cost to see the the the Ravens player Yes, Super Bowl trip to Vegas would cause if Lamar can navigate the AFC in late January, which I think, you know, there’s healthy skepticism about that. That being said till he does. He does it. Luke tells me we’re now and I know you’re not a wagering guy because you save money, gamble money, but Luke tells me we’re 95% the play postseason baseball here based on if the Orioles played just 500 Baseball the next seven weeks, they would win 95 games. So that being said, I’ve told everybody you better know a Leonard Raskin, you better have saved your money. You know, because there’s World Series games here. You can say, well, I don’t have the $850 each that it’s going to cost to have an upper deck seat or whatever that number is gonna be. And you’re gonna say, about 40 years to save your money.
Leonard Raskin 02:53
You’re gonna say, you know, you shouldn’t have gone to Taylor Swift unless, unless you were a truck driver
Nestor Aparicio 03:01
shouldn’t shouldn’t a mortgage at all on Beyonce last week. That’s
Leonard Raskin 03:04
right. That’s right with Westmore hanging out with Westmore and Beyonce. That’s exactly right. I just love being Governor. Governor, not
Nestor Aparicio 03:13
even a Democrat. You know more about what the Democrats are doing than me. I was
Leonard Raskin 03:16
attention to the man that wants to be president.
Nestor Aparicio 03:19
Yeah, I was in Pennsylvania and Pennsylvania is a mixed of he lied lock him up and Trump 2024 And I was in Harrisburg over the weekend. I was up north with Pat the great, great Pat Benatar, Pat Benatar was better than anything. She was unbelievable. So I’ve been doing my thing but this Oriole baseball thing. It is nominal. And I guess this is the point where like, I’m up in Pennsylvania with my wife with friends. eating a burger enjoying a beautiful the river and Sunbury and I’m looking down on my phone and I’m seeing Rick Dempsey doing this Oh, are you Oh, my phone,
Leonard Raskin 03:56
he almost couldn’t spell you almost couldn’t spell it kinda fuse. Got a little confused there on the our eye and then he picked it back up.
Nestor Aparicio 04:05
Well, it’s been a little while for him for awhile and all that right. I think it’s been a little while for all of us, though, to have the middle of August talking about do I have enough money for playoff tickets? Can I get the kid back from the beach to get one more game before college? Which series we’re going to how am I going to stay up late this weekend we’re going to Seattle. These are really an ad talk to Dennis about this but I talked to all of our guests at Costas and a drug city about this thing. We’re baseball Billy yurman came on. He’s all of you are my friends. I’ve loved all of you for 10 years. 20 years. You know one thing I’ve had in common with all of you I’m no baseball game with any of you. Because none of you been to baseball games and you haven’t cried
Leonard Raskin 04:45
we haven’t gone together in a long time. You know, I saw I saw in my Facebook feed because you know things just pop up there naturally you think about something I don’t even know how it works. I know when you’re near something or you’re talking to about something, think about something like ESP F, you know, whatever it is. So up on my Facebook feed pops, guaranteed playoff tickets with the purchase of the 2024 season tickets.
Nestor Aparicio 05:16
See they haven’t served me that at your will today. You will. I haven’t bought oils and I get Oreo ads. You know I have gotten Oreo ads to buy tickets for the Astro series this week. I’ve seen those. Right. But if you haven’t been
Leonard Raskin 05:35
to look at anything, I haven’t
Nestor Aparicio 05:36
gotten the $60 monthly offer on my feed yet. No. I mean, I see all the rats, I watched four hours of baseball Robin, I’m
Leonard Raskin 05:43
saying if you go on? Yeah, right. If you go on to the I think it’s SeatGeek. Now or StubHub one of the two I can’t remember. One of the two of them is where you bought your tickets now, it’s not Ticketmaster anymore they like left Ticketmaster or something. So So you go to this, this click and if you click on a ticket, man, then your feed is full of tickets and every kind of everything about buying tickets
Nestor Aparicio 06:09
in the playoff tickets are going to be really expensive. And I’m just trying to get people ready
Leonard Raskin 06:14
unless you think they’re gonna be. You think they’re gonna be dramatically higher than the regular season? They’re just gonna go crazy. Yeah, Major
Nestor Aparicio 06:21
League Baseball gets involved and takes the money. Yeah, yeah.
Leonard Raskin 06:24
Even if you’re a season ticket holder.
Nestor Aparicio 06:28
This is not you’re not getting box seats for 85 bucks for another 100
Leonard Raskin 06:33
A quarter. So let’s say they’re what 250 For playoffs? You think they’re gonna be 1000?
Nestor Aparicio 06:40
I think I think it moves in rounds. And I think it moves in waves because it’s all variable. It’s all Bruce Springsteen, Taylor Swift price, by in demand. For me saying these are the prices. I just I’ve monitored this in Philadelphia. I monitor it. Okay. Diego last year, San Diego got first time in and I was monitoring prices. You know what it is? You want to go to a playoff game in Atlanta, no problem. Nobody cares. They’re there every year, you want to go to a playoff game and get York the Yankees? You can’t because you’re not going to make the playoffs this year. But when you do
Leonard Raskin 07:19
the Red Sox missed
Nestor Aparicio 07:21
in places where they played a lot. It’s not expensive in places that’s first time in, you know, when you when you know you’re gonna be competing with each other to see who pay more for that ticket. And I’m just saying like there’s not going to be any $25 playoff tickets. I don’t think there’s gonna be any $75 playoff tickets. Tickets are gonna start with a buck and a half upstairs. In my mind that’s where you’re gonna think
Leonard Raskin 07:46
that you think the what is it centerfield porch or the standing room flag court? Where they 18 bucks, they’re gonna go for 100?
Nestor Aparicio 07:57
I think minimum. I don’t think anybody’s getting into a playoff game for 50 or 75 bucks. Right? I don’t think that but what I’m saying is the World Series, the further you go in? Yes, the more I’m in for a buck and a quarter algorithm. It’s upstairs in game two was the first round, and then they win. Oh, okay, now we got championships, that’s gonna be 350 or four. I hear you. Right? So we’re gonna do one of those games. So my wife and I are going to do dollars go to game one to go to game one of the ALCS. And now like, we win, but I got offered tickets for game five. But they’re five and a quarter each. Now all of a sudden. $100 Forget that. That’s what it’s gonna be like. That’s what
Leonard Raskin 08:42
I hate to say it but it could be a once in a lifetime thing. You’ve had 40 years to save your money to wait to wait you had 40 years to save just like you were saving for Disney World. Now you’re saving for Orioles playoffs and World Series with the mountain closing it out for the win.
Nestor Aparicio 09:00
Was it buckshaw Walter comes in this weekend and gets outside and watch this three team and all that. This is I’m just saying right now financially, okay. I don’t think anybody thought we were winning the World Series in 2016. But we all thought that Zack Britton should have taken the ball, hey, if he takes the ball, you would have spent all that money in the next round back in 2016. You put that money with Lennar Raskin, or with someone responsible all of a sudden, you know, you seek out
Leonard Raskin 09:27
some guidance for your guts. And that’s, well, hey, look, everybody has got to save. You got to put that money away. You got to invest it and you got those times and things that you spend it on. So if you’re a fan, and you’ve been going look, there’s people that have been going to games 80 games 40 games, I mean, I see it in my feet, I know who they are. So if you’re going into those games, and you bag out now in the playoff, I just hope you sold your ticket for a fortune. That’s all
Nestor Aparicio 09:54
to your point and this would be the interesting part for me. All right, let her Raskin You’re a man of means you’d like Baseball you could drag your wife me a buddy a client so you’ll take in on the Laker Okay, I’ll buy a pair next year at $2,400 or what you know whatever that number is up I’ll get tickets that I like for next year I’ll worry about next year next year I’ll try I’ll buy the tickets and they’ll give me the playoff package and they landed right welcome to the orange club first round is $1,400 second round is $2,800 World Series five grand for a straight you know what I mean? Like that’s right. Burnett so if you do it you’re staring at if they go to the World Series this is going to cost me 468 It’s going to sound like ravens ticket book
Leonard Raskin 10:43
right sound like a Ravens tonight it is it is and and we got Saturday night preseason against the Eagles. So we know how that goes.
Nestor Aparicio 10:53
Those are no you birdcage Well,
Leonard Raskin 10:57
you know, I’m not usually a preseason guy but I have a colleague who is a diehard Eagles fan. Who’d like to go to the game wife wants to go to the game so I may end up there Saturday night.
Nestor Aparicio 11:07
Night nice night out good night out and bald
Leonard Raskin 11:11
you know some right some fresh air some some of them are for like a play. Is he gonna play a play? No, not even a play this Dolan play.
Nestor Aparicio 11:19
Tell your buddy in Philly that Jalen hertz isn’t playing he
Leonard Raskin 11:22
nobody I get that. Yeah, but I figured Lamar hasn’t been on the field a year. Maybe Luke has promised me
Nestor Aparicio 11:27
that David Jabo and Adelphi. Oh, we’ll be running around, there’ll be a battle for left guard. You’ll get a real good look at the third and fourth string of everything, you know, this week,
Leonard Raskin 11:38
right. So that’s right. This quarterback who’s our quarterback?
Nestor Aparicio 11:41
Oh, that would be Josh Johnson and Snoop. Yes, Snoop,
Leonard Raskin 11:45
Snoop Huntley. And we brought Josh Johnson back. How about that that guy has been with 20 teams. I think he’s played for more teams in the league than probably anybody else. That dude’s got a jersey from everywhere. Good for him. He’s still around. He’s still fighting for a chance to get on the field. Somebody still wants him What the heck, you know,
Nestor Aparicio 12:04
why not just win ballgames. It’s called upon that’s all I’m saying.
Leonard Raskin 12:07
All you got to do is show up if called upon, I guess he wins, but clearly not enough to be a starter somewhere. But he’s, man. He’s backed up and played everywhere.
Nestor Aparicio 12:17
problems we have. Yeah, that’s what we play off based in the
Leonard Raskin 12:22
accent. Yeah, our orange birds or orange birds. So this time, this time when I go to the game, which I didn’t do because remember, I went to see Otani. He was amazing. Although he’s having a little difficult stretch right now. You can’t keep up what he’s been doing. So, but I went to see him, but what I didn’t do was I did not get an Orioles Jersey last time. So I was just wearing a black shirt with a bird. black shirt with a bird this time. I think I’m gonna get there early enough. I gotta get myself a I gotta wrap a jersey for the O’s. I don’t have the last one. I have. Not Ripken. Last one I have I think was. Oh, who did I have? I don’t even I couldn’t even tell you. Maisie
Nestor Aparicio 13:07
my own jersey that I’ve had I bought 293 It’s that era. It’s the you know, it’s just moved into Camden Yards. White orange, very traditional, very clean look, but I must say that I have been you know this about me. I’m on buying a belt buckles right. I started sniffing around I have a Passerini jersey that I wore to cost not scarred. But Kevin grace. My dear friend, longtime listener wrote a book on Joe GaNS. You can look that up boxer from the early part of the 20th century that he’s always trying to get into the Hall of Fame. Kevin worked at the racetrack for years and as a horseman and works with Southwest Airlines. He brought me a gift and he’s such a sweet man. He’s always giving gifts he always sends Christmas cards and birthday cards and anniversary cards to me my wife he showed up at cost us with a bag on on Thursday Leonard? Yeah. And he said I’ve got something in the bag that I’ve heard you talk about on the air that it that you wanted and you never got and I know you don’t you don’t have this because I heard you mentioned it recently. And I thought what a thoughtful I mean, he’s Yeah, attention sure goes out of the bag and I wish I had it up here. I wore it the other day. It’s getting laundered right now had had the tag on and everything he said this has been in my closet for 10 years. It was the 66 Jim Palmer giveaway with the Orioles white script with black buttoning it’s the Louis apery I mean, it’s the boot palettes that I didn’t go to the game that night. I live downtown. I think Jen was battling at that time. It was right around the time they were doing the the the statues it was maybe a year after that they did this and I didn’t go to the game that night and I saw people walking all over the city with and I’m like, that’s a good looking piece. I want that piece. I never got it. I never went to the internet to spend 50 bucks around Your bucks to buy one and Kevin gifted me one. It’s a little big for me, you know, I mean, but it’s way better material than I thought I you can wear it on an 85 degree day and not bacon it and I thought Yeah, so I have a 66 Palmer Jersey very you got what do you what are you gonna get Baltimore black thing city you know I liked
Leonard Raskin 15:19
I liked the black city Kinect. It’s an interesting jersey, but but the problem with that is, it’s no good for a day game. Way too hot for the day game so it’s got limited utility in my life.
Nestor Aparicio 15:32
Are you gonna get a Henderson or rutschman? Are you gonna get a
Leonard Raskin 15:35
rest? Yeah, no, I’m gonna I’m gonna put one of the boys on pick up ahead or center or rutschman What are the two? Definitely one of those to watch. Gotta go. I don’t know after the CD Gerson gotta see the jersey and see what moves my spirit when I’m there when you want to be a 35 Yeah, it’s better to be a two I think. I think it’s better to be a two. What do you think? I think a one would be better. We
Nestor Aparicio 16:00
don’t have a bumper. He’s got that. Yeah, he’s
Leonard Raskin 16:02
gone. He’s done. Although he was around for the weekend, wasn’t it? I think he was
Nestor Aparicio 16:05
around for the weekend to beat a guy or were you not a Messina guy.
Leonard Raskin 16:09
It was okay. I thought he was good. That of course hated him when he went to the
Nestor Aparicio 16:12
you don’t want the 30 you’re harboring some grudge? That’s right.
Leonard Raskin 16:16
So begrudge somebody grudge on them like Messina Jersey I’ll probably go who was to who had to Hardy had to JJ Hardy a hell of a shortstop make them pick the ball. could pick the ball. And now we’ve got we’ve got Henderson right. He’s playing short now. Wait till holiday. Is it holiday holiday? A piece of shortstop?
Nestor Aparicio 16:39
What number is he going to wear? Out?
Leonard Raskin 16:42
00 can you wear zero? Is that allowed?
Nestor Aparicio 16:47
I think that can wear whatever they want them in
Leonard Raskin 16:48
Nestor Aparicio 16:50
now. I was about to sanction like Prince symbols.
Leonard Raskin 16:54
Symbols, right? The player that used to be seven
Nestor Aparicio 16:56
obj just has a logo on his jersey. It says right Chang.
Leonard Raskin 17:01
He’s got his thing. You’ll have this thing. What do we got? What’s his linebacker helped me? Row Quan Smith were in zero. Yeah, that. So let’s talk a Ravens for a second. That’s the greatest second round draft pick you could ever make. Is that is that not going to pay for the second round? That’s okay. They paid him. They paid him. No, you know what I mean? I’m just saying they got rid of a second round pick to pick him up. That was golden. He’s He’s phenomenal. Zero. He’s wearing zero. That’s my point.
Nestor Aparicio 17:34
Kenny burrows and my old Euler days was a double zero remember that? There you go. Guys have a little fun back then. And now right now you don’t know who’s playing anywhere. Queens wearing a six it’s not sick.
Leonard Raskin 17:47
I don’t like that. I like that. I like to be able to see who’s on the field by the way you’re playing by your jersey. I don’t I don’t like this you know leave those. That’s crazy.
Nestor Aparicio 17:58
Sports when they did that? I didn’t Orioles are
Leonard Raskin 18:00
more important than the than the Ravens right now in Baltimore. Can you believe that? How stunning is it that the Orioles are more important right now than the Ravens preseason? I live is talking. It took
Nestor Aparicio 18:10
me 20 years for this to happen. You know dogs and cats. So
Leonard Raskin 18:14
So who gets signed? First? Who signs first? rutschman extension or Camden Yards lease extension?
Nestor Aparicio 18:27
Henderson that’s what he’s on Henderson.
Leonard Raskin 18:30
I’ll take him ahead of rutschman ahead of Richmond ahead of the stadium.
Nestor Aparicio 18:34
Well, that’s why I thought you were thinking Henderson Jersey because you’re thinking they’re gonna give him the money. They’re gonna give him the money first or offer him the money first because He’s younger.
Leonard Raskin 18:43
Yes, and he doesn’t play catch her. Correct. They’ve learned that so his needs might last a little bit longer.
Nestor Aparicio 18:49
Let her give me some more time. Money Advice before I let you go because I mean, first money advices you can indeed saver for playoff take. I guess that was saved
Leonard Raskin 18:57
for playoffs. Next but by good good Maryland produce at a mom paw farmstand instead of the I’ve done a lot grocery store. I mean we got her melon I picked up on the eastern shore on the way back it was fantastic. We got some cantaloupe we got some great corn. We got some beautiful beautiful peaches.
Nestor Aparicio 19:19
I got great Peaches of wise two weeks ago so I got some love. It’s so
Leonard Raskin 19:23
fun good thing when you can get fresh, fresh strawberries. The summer fruit is what you spend your money on in the summer.
Nestor Aparicio 19:32
Last thing for you I’ve had a lot of finish talking about five five and a half percent putting money in the bank. Where are you yeah for savings what’s going on with money right now because this is a it’s a perilous time people are you know
Leonard Raskin 19:43
it’s a tough time to borrow look if you are small business which we talk a lot to a lot of our clients or small business owners it is really tough right now banks aren’t lending the the middle size mid sized banks regional banks are having a hard time lending If you are a big company, you know, we got we had the chips act, right? The chips Act and the inflation Reduction Act were supposed to use money, government money to help create chips, not like us chips, but like microchips, Intel chips, here in America, so we’re not dependent on China. And if you think about it, what the government’s done is they’ve said to these big tech companies, we’re gonna flood you full of money, you don’t even have to borrow, we’re gonna give you money. So if you’re a big company like that, man, there is money to be made, because the government is just giving it to you. On the other hand, if you’re a small business owner, that we work with a lot of borrowing right now is really hard. It’s really tight. So as we tell our business owner clients all the time, you need to be liquid, you need to have money in reserve. These are the times when that money becomes invaluable because you can use it to create your own capital and your own opportunity. Where if you go to the bank, it’s it’s tight right now it’s really tight getting money. Now, if you’re a saver, it’s a good thing. If you’re on a fixed income right now, you might be able to get a year or two CD at five, five and a half. That’s great. You’re not getting 30 year money at that. If we look at the Treasury right now, the the under five year, the under three years, five, five and a half the 30 year is still in the threes. So this is bad because it’s recessionary signs all over the economy. And it’s scary for small business. It’s a scary time. But if you had your reserves saved, this is the time when they may become invaluable versus what borrowing may cost because it’s pretty high. If you’re looking for cars. If you’re looking to buy a house, you know, we’re talking six 7% loans. Now historically, still pretty low. But we are really used to free cheap money in the last few years and that’s not there anymore.
Nestor Aparicio 22:00
Leonard, I always appreciate your insights on the money side and certainly the other side of the ravens and the Oreos keeping us very active these days. So one thing I said about my 25th anniversary all these years into this all of the years, I mean 13 years with it with the Orioles didn’t get to 70 wins 13 writers they didn’t get 70 wins 170 wins in early August. So this is this is certainly the good days we have a book out in Owings Mills. Lucas at the ballpark this week against the Astros Lennar will be at the ballpark on Wednesday night as well. I might get down there on Thursday afternoon, myself, we’ve been celebrating 25 years, big appreciation or friends of curio for celebrating our 25th anniversary with us and our friends at winter nation as well as we had some winners. We had a $5 winner the other day and the on our Maryland lottery scratches. We’re going to be back at Greenmount station in Hampstead on Wednesday, with Chris eating a delicious crab cake. I might get some ribs to bring home as well. He’s got all sorts of wagering stuff going on up there with their sports wagering situation in Carroll County. So we’ll be investigating that on Wednesday. Leonard I’m gonna investigate crabcake with you later on in the month we’re Pappas later in the month there’s no excuse for you that’s your favorite crabcake
Leonard Raskin 23:06
billion and a half dollar What is it big game?
Nestor Aparicio 23:10
Oh my god it’s crazy right? Yeah
Leonard Raskin 23:12
and a half dollars that’s that’s fine. On Wednesday, you know two bucks you know if you got two bucks laying around, who cares two bucks.
Nestor Aparicio 23:21
My wife always kids me that if you know if I ever hit one of those things. I’d still do this for a living because I love doing
Leonard Raskin 23:25
Yeah, that’s okay. But you’d have you’d have a billion and a half coming in. So that’d be all right. Then I could test that together. Test that together. Then I could say
Nestor Aparicio 23:34
what I really want to say There you go. Let arrested George’s here he is Raskin global. You can find him out at the front of Baltimore positive as well. We are wn st am 1570, Towson Baltimore. We never stop talking Baltimore positive and your money