fly across the pacific in a ford fiesta now if you want to pick up your kids from school, down mainstreet in a 747 would be impractical and in that situation you'd be more with a ford fiesta. how about if you need to go to home depot for a metric ton of lumber it's there's no way that you'll fit it in a 747 packed home depot parking lot but a pick up truck would be perfect you want low risk holdings that will give you a slow and steady return if you don't have time to research individual stocks you can't go wrong with the basic low cost s&p 500 index fund that tries to mimic the performance of the broader market. i recommended index funds endlessly here and i'm going to keep doing it. they're phenomenal at the best they help demon democratize the market it's very business friendly compared to the rest of the world. when you buy an s&p 500 index you're betting on the long-term performance of the u.s. economy. do you know what you're betting on you're betting on progress historically that's a good bet you need to invest your first $10,000 in an index fund don't bother to try to pick individ

i hit the mainstreet of manhattan find out.are you looking forward to in the new year? being 2020 because i was born in 2010. kennedy: you're going to be dead to double digits is your that's a big deal. what's your new year's resolution? to be more sexy? >> happy new year happy new year. >> what you do is resolution? >> don't have one. kennedy: what is your new years resolution? got a spider hat. what's your big goals you file your drivers license? >> yes get that lamborghini. >> what about you? and learn to fly a plane or something? >> yes. kennedy: buddy looking forward to the roaring 20s? >> i had thought about roaring 20s. that's coming up. ♪ ♪. kennedy: why do we need to do different in the coming decade? >> we need more world peace. [laughter] we need less violence, less anger, less division. how do you heal that? kennedy: dancing that's right. ♪ ♪. kennedy: i would love to be a rockettes. let's go swarm the rockettes. just get on stage. kennedy: this is our decade these are our legs, what years resolution? >> my news res

. >> there are millions of mainstreet hard-working americans in my own second district of missouri that can be impacted by this. does this tax resulting market participants to look for other ways to avoid the tax evasion we have seen internationally in other countries. >> it would move money offshore, it would disproportionately hurt pensions, 401(k)s and people savings retirement. >> do you believe the cost to the treasury of issuing federal debt could increase because of the potential increase in trading costs and the reduction in liquidity that would occur if this tax were imposed? >> if it were put on us government security it would clearly raise the cost of the government borrowing, no question. >> the federal debt would be affected by this. i look forward to your study and we do hope fsoc will do more work and research that we can be clear before moving forward with a horribly regressive and detrimental financial tax like this. thank you for your time and i yield back. >> the gentleman from california, mister sherman was poised to become the next chair of the subcommittee on entre