Bonds To Buy Next: What’s Left To Invest In When Fed Cuts Rates?

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  • Опубликовано: 23 ноя 2024

Комментарии • 105

  • @DiamondNestEgg
    @DiamondNestEgg  2 месяца назад +7

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    >> Bond Beginners Course Sneak Peak | I-Bonds vs TIPS: ruclips.net/video/uXPzbje1g2E/видео.html
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    SOURCES & REFERENCED VIDEOS FOR TODAY'S VIDEO (AS APPLICABLE):
    Retirement Strategy With Agency Bonds: ruclips.net/video/WVRufbx0SGA/видео.html
    Other Agency Bonds Videos: ruclips.net/p/PLsv_4H5rP97G839te4TerQ0E7jcejhnAi&si=iWiYQySxolpnFf0J
    Accrued Interest: ruclips.net/video/PdFkteP0xhI/видео.html
    Fidelity's Website: www.fidelity.com/
    >>>>>>>>>>
    Here is the overview for Bond Beginners:
    1. Bond Basics
    What A Bond Is & How A Bond Works
    Why Invest In Bonds
    New Issue vs Secondary Market Bonds
    Interest Rates & Bond Prices
    Current Yield & Yield To Maturity
    Always Remember This!
    Buying At Par, Above Par & Below Par
    Different Types Of Bonds
    Wrap-Up
    2. The Risks Of Bond Investing
    Seven Key Bond Risks
    Credit Risk
    Interest Rate Risk
    Reinvestment Risk/Call Risk
    Inflation Risk
    Liquidity Risk
    Currency Risk & Country Risk
    Bond Risk Mitigation Strategies
    Wrap-Up
    3. US Treasuries Overview
    What Are US Treasuries
    Why Invest In Treasuries
    Where Can You Buy Treasuries
    How Are Treasuries Taxed
    Wrap-Up
    4. Treasury Bills
    What Are Treasury Bills (T-Bills)
    When Do T-Bill Auctions Happen
    Where Should You Buy At Auction
    Auto-Roll When Buying At Auction
    Where To Find Recent Auction Results
    High Rate vs Investment Rate
    Reopening Auctions
    Cash Management Bills (CMBs)
    Buying & Selling On Secondary Market
    Wrap-Up
    5. Treasury Notes & Bonds
    What Are Treasury Notes & Bonds
    When Do Auctions Happen
    Buying Treasury Notes & Bonds
    Auction High Yield vs Interest Rate
    Floating Rate Notes (FRNs)
    Treasury Zeros (STRIPS)
    Wrap-Up
    6. TIPS (Inflation-Protected)
    What Are TIPS
    When Do TIPS Auctions Happen
    Nominal vs Real Yields
    Negative Yields
    How Do You Adjust TIPS For Inflation
    Taxes On Phantom Income
    Secondary Market Liquidity
    Wrap-Up
    7. I-Bonds (Inflation-Protected)
    What Are I-Bonds
    How Does I-Bond Interest Work
    I-Bonds vs TIPS
    The Annual I-Bond Limit
    Wrap-Up
    8. Agency Bonds
    The Universe Of Bonds
    What Are Agency Bonds
    How Are Agency Bonds Taxed
    Treasuries vs Agencies
    Who Might Want To Consider Agencies
    Yield-To-Call & Yield-To-Worst
    Where Can You Buy Agency Bonds
    Wrap-Up
    9. Municipal Bonds
    Our Bond Universe Gets More Complex
    What Are Municipal Bonds
    How Safe Are Munis
    How Are Munis Taxed
    The De Minimis Rule
    Social Security & Medicare Premiums
    Treasuries, Agencies & Munis
    Who Might Want To Consider Munis
    Wrap-Up
    10. Corporate Bonds
    Our Bond Universe Is Complete
    What Are Corporate Bonds
    How Safe Are Corporates
    Corporate Bond Hierarchies
    Five Key Features Of Corporate Bonds
    How Are Corporates Taxed
    Treasuries vs Corporates, Etc.
    Who Might Want To Buy Corporates
    Wrap-Up
    >>>>>>>>>>
    Here is the overview for Bond Masters:
    1. Stocks vs Bonds
    Historical Performance
    Are Bonds Really Less Volatile
    Why Invest In Bonds
    Accumulation vs Decumulation
    Allocation of Stocks vs Bonds
    Wrap-Up
    2. Which Bonds Might Be Right For You
    Treasuries & Other Types of Bonds
    Nominal vs Real Yields
    Inflation vs Non-Inflation-Protected
    Taxable vs Tax-Advantaged Accounts
    Wrap-Up
    3. Bond Ladders & Other Bond Strategies
    Normal vs Inverted Yield Curve
    What Is A Bond Ladder
    5 Important Bond Laddering Questions
    Laddering When Rates Are Rising
    Laddering When Rates Are Falling
    Laddering When Rates Are Uncertain
    What Is A Bullet
    What Is A Barbell
    Wrap-Up
    4. Holding to Maturity vs Selling Early
    Why Hold to Maturity
    When To Sell Early Before Maturity
    Tax Implications Of Selling Early
    Wrap-Up
    5. Individual Bonds, Bond Funds, Etc.
    Why Buy Individual Bonds
    Why Buy Bond Funds
    Bond Fund Considerations
    Key Bond Fund Concepts
    CDs vs Treasuries
    Other High-Yield Investments
    Wrap-Up
    6. Our B.E.S.T. Model Portfolios By Age
    Our B.E.S.T Model Portfolios By Age
    Model Portfolios In The Industry
    B.E.S.T Model Portfolio Difference
    How Much Do You Need To Retire?
    How I Use The Rules of 100, 110, & 120
    B.E.S.T Model Portfolios (20s)
    B.E.S.T Model Portfolios (30s & 40s)
    B.E.S.T Model Portfolios (50s & 60s)
    B.E.S.T Model Portfolios (70s+)
    Wrap-Up
    7. The Decumulation Phase
    What Is The Decumulation Phase?
    Bear Markets & Recessions
    What Can You Do In Bad/Bear Markets
    Decumulation Tax Considerations
    The 4% Rule
    The Bucket Strategy
    The Flooring Approach
    Jen’s Bucket Strategy With A Twist
    Wrap-Up
    >>>>>>>>>>
    Thanks for visiting our personal finance channel! We hope this content will help fast-track your financial journey! Everyone's financial journey is different. Please note that:
    1) there are questions/ comments which I will not be able to answer without fully understanding your financial, personal & other circumstances
    2) we will not ask you to call us or send us money in the comments on this channel or any of our other social media accounts, so if you see comment(s) along those lines, it is most likely spam - PLEASE DO NOT ENGAGE WITH SPAMMERS OR GIVE OUT YOUR PERSONAL INFORMATION FOR YOUR OWN SAFETY

  • @Thisishard2333
    @Thisishard2333 2 месяца назад +46

    Sticking with my T-bills. consolidating everything into four week T-bills.5.053 This week still pretty good.

    • @noydbwia
      @noydbwia 2 месяца назад +1

      the 4&8w both are down .01 each and the longer the t-bill is, the more significant the decrease is. Your money is safer that way though, so there's that...

    • @sondersrn8061
      @sondersrn8061 2 месяца назад +9

      I live in CA sticking with T bills 💸

    • @HODIUSDUDE
      @HODIUSDUDE 2 месяца назад +5

      Same. I've been in 4-week T-Bills since April. Once the they drop into the low 4% range, I will probably be looking at muni's and corporates. Expecting the stock market to bottom by Spring 2026.

  • @tommydesimone269
    @tommydesimone269 2 месяца назад +15

    I dumped most of my money into 20 and 30 year treasury bonds at 4.75% earlier this year and never looked back. This channel helped me through the process of buying them, thanks again!

  • @pauljoseph2400
    @pauljoseph2400 2 месяца назад +15

    I started buying the 20 and 30 yr bonds in Nov 2023 through May 2024. My effective interest rate 4.6%, and 4.74% (state taxable equivalent). Now I just have to seek the highest return for reinvesting my annual interest.

    • @JamesBlazen
      @JamesBlazen 2 месяца назад +2

      You can sell those bonds, cash in the capital gains and re-invest at 5%.

    • @pauljoseph2400
      @pauljoseph2400 2 месяца назад

      @@JamesBlazen I'm retired, with a defined benefit (inflation adjusted) pension, plus a couple of additional annuities. I don't need the interest right now, so I'll be rolling it over until sometime in the future.

    • @davidtvedte1337
      @davidtvedte1337 2 месяца назад +3

      I also bought 20 year bonds last spring at 4.5%. Currently already have a built in capital gain of nearly 6%. Even though short term rates are still currently higher, I am am correct and the Fed drops rates 2% over the upcoming years my bonds will look even better then. At that time I can continue with the 4.5% rate of return which will be better than the marker OR I can take significant capital gains.

  • @beaverish
    @beaverish 2 месяца назад +9

    T-bills are still attractive even at 4%. What I do is take the remaining proceeds after buying T-bills and invest that into index funds. So instead of getting 4-5% annual return, I get like 6-7%.

  • @dogegamer3288
    @dogegamer3288 2 месяца назад

    I made most my wealth in TLT, TMF and BND at this exact juncture back in 2018-2020. The ETFs for bond indexes did extremely well during rate cuts.

  • @clays7741
    @clays7741 2 месяца назад +2

    The GSE’s are in the 5’s. Jenny Mae , and Fannie Mae mortgage backed securities were trading every day last week between 5.1% - 5.8%

  • @eliseleblanc740
    @eliseleblanc740 2 месяца назад +9

    Have you thought of doing a video on preferred stocks? Yes more risk than bonds but higher dividends than common stock. I hold some PFF (iShares Preferred ETF) and get a nice monthly dividend. Not for everyone but worth considering.

    • @morrismonet3554
      @morrismonet3554 2 месяца назад +1

      I like PFXF Preferred stocks minus the financials. Over 7% dividend, too.

    • @g.t.richardson6311
      @g.t.richardson6311 2 месяца назад +1

      True .. nice monthly income
      Also some preferred stocks in my Schwab account, All of them purchased in the $20-$21 range when markets were way down over the years
      So some of them, I still show a loss, But they keep paying me 5% dividends, And they will keep paying because none of the companies that I have them with are gonna cut their regular dividend on their common stock
      TFC, COF, PSA

  • @paulseidel5819
    @paulseidel5819 2 месяца назад +5

    Personally, i am comfortable with agency and corporate debt. However, i am now getting some first hand experience with having bonds called, so I will look into the non callable bonds and CDs on secondary market for that portion of portfolio.

  • @johnrac3302
    @johnrac3302 2 месяца назад +6

    Thanks for the Sunday eve wrap & ideas Jen! Rates aren’t terrible (yet) in my universe. Btw - nice red crock ;)

  • @TheLucasFamily4
    @TheLucasFamily4 2 месяца назад +5

    When do you plan to cover i-bond fixed rate projections for October? Do you expect they will be lower?

  • @davidv.2050
    @davidv.2050 2 месяца назад +1

    Waiting to see how TLT would react to the first rate cut today 9/18. It actually fell 1.7%. I think most people thought it was “off to the races” with TLT but have been disappointed at just 1.3% YTD.

  • @DavidLitman-ph9lu
    @DavidLitman-ph9lu 2 месяца назад

    For those with higher risk tolerance, BSJR is paying a 30 day yield of 6.77%. This bond ETF has high yield corporate bonds that all mature in 2027. There is some safety in numbers, in terms of default risk, and principal is returned at end of 2027, similar to a single bond.

  • @Vacationtime247
    @Vacationtime247 2 месяца назад +1

    'Nicky Leaks' (Nick Timiraos at the Wall Street Journal) wrote a piece saying how the Fed was considering a 75 BP cut to begin. As of Friday 9/13 the Fed Futures had a 50% odds of both a 25 and 50 BP cut. The Fed is in their black out window and used their favorite outlet to relay the information before their FOMC meeting this coming Wednesday.

  • @lilblackduc7312
    @lilblackduc7312 2 месяца назад +5

    Thank you for citing examples for the "Risk Adverse"! Good show...🇺🇸 👍☕

  • @StevenV-xh1bc
    @StevenV-xh1bc 2 месяца назад +3

    Please recommend international bonds, to protect from dollar devaluation, thanks.

  • @morrismonet3554
    @morrismonet3554 2 месяца назад +4

    I doubled my allocation to my Preferred Stock ETF las Friday.

  • @JosephDickson
    @JosephDickson 2 месяца назад

    It's relative, I use T-Bills for my emergency fund and short term cash equivalent. Seems I'll continue to get a better yield than CDs from my credit union.

  • @salookie8000
    @salookie8000 6 дней назад

    Vanguard BND index fund last 10 -12%

  • @Xfactor926
    @Xfactor926 2 месяца назад +2

    I am considering more I-Bonds based on the premise the fixed rate was determined by where the 5 year T-Note was several months ago. If you buy before Nov 1st you get 1.3% plus variable inflation rate which at worst should be Fed target inflation rate of 2.5% - thus 3.8% total which is greater than the 10 yr plus more liquid and more tax efficient plus upside protection against high inflation is better than the risk of low inflation as floor is 1.3% (ok zero % if we have 1.3% of deflation.
    Hope you can cover this option in a future video or maybe if you update your projected fixed ibond rate for bonds issued November 1st.
    To be fair I already have a bunch of 20 year bonds at above 4.5% that are in the money so ibonds feel like a nice between option as a mid duration play.

  • @pkj6426
    @pkj6426 2 месяца назад +1

    Great video, as always. What are your thoughts on bond funds? Such as BND, & BNDX? Considering this funds, have been purchasing bonds w diff durations over last few years, wouldn’t they be a pond to fish in?

  • @davidwarner6657
    @davidwarner6657 2 месяца назад +2

    T-bills are still attractive even at 4%

  • @FunTimePlaying
    @FunTimePlaying 2 месяца назад +4

    I was thrilled when 6 month t-bills hit 4.7%+ in Nov 2022. Now, almost 2 years later they're back and I've been capturing yield for income generation before they drop even further. Last week's 4.7% 6 month t-bill isn't as good as 5.3%, but looks a whole lot better than if rates drop to 3.X%.
    But, what to do with the money when the t-bills mature? Not knowing where t-bill rates will be in 6 months I'm starting to slowly get into some (hopefully stable) dividend paying stocks. Not looking forward to the volatility, but after 35 years of investing all I have to say is "here we go again".

  • @colinstalley8386
    @colinstalley8386 2 месяца назад

    Would you do a video on buying t bills on secondary market on E*Trade? I don’t understand buy at price vs yield.

  • @elkcircle7245
    @elkcircle7245 2 месяца назад +1

    We've had a portion of our assets in treasuries during the higher yield period, but plan to move more funds across into a batch of PIMCO-managed high yield funds that have been much more beneficial over the last 2 years; PDI, PCN, PTY. They are moderately higher risk than treasuries of course, but the counter to that is PIMCO's highly professional management.

  • @toddc3135
    @toddc3135 2 месяца назад +1

    I've been buying up bonds for the past few months to lock in the rate its paying now. Why shop later?

  • @agsmith001
    @agsmith001 2 месяца назад

    Thanks for the great content ! Q:how do you feel about CLO's?

  • @AuddreyKelleigh
    @AuddreyKelleigh 2 месяца назад +1

    Very professional, great video.

  • @JamesBlazen
    @JamesBlazen 2 месяца назад +4

    90 day and less t-bills and wait for credit spreads to blow out.

  • @hudooguru2
    @hudooguru2 2 месяца назад

    Great, timely content as always. Thank you.

  • @Velacreations
    @Velacreations 2 месяца назад +1

    CLO debt ETFs look pretty good, especially the AAA and AA tranches

    • @MrDboydeluxe
      @MrDboydeluxe 2 месяца назад +1

      Been riding CLO's for over 18 months now (JAAA, PAAA, CLOA) take your pick, same with floating rate etfs, those I will be trimming soon.

    • @Velacreations
      @Velacreations 2 месяца назад +1

      @@MrDboydeluxe ICLO is another one

  • @Caldwell-c1n
    @Caldwell-c1n 2 месяца назад

    I presently reside in a rural area of Kansas and officially retired at the end of October. I say retired because I left my job without having another one and I had no intention of returning to work a full-time job. I do have a small amount of side income from investments, but that is all I need to live on. My savings is smaller than most retirees', but I am not touching that money and I am watching it grow.

    • @Sar-u6d
      @Sar-u6d 2 месяца назад

      Those of you who are newer are paying your dues, gaining experience, and trying to lock up some profit, but I encourage you to put some away for the long term. If you can use a Roth IRA, put some away tax-free to save for your retirement and benefit from you know growth in the overall market and compound interest as it um as it starts to gain. I worked hard in 2019 2020 21 22 and put some money into the market long term sitting in a pretty nice spot.

    • @HarrisKmorreti
      @HarrisKmorreti 2 месяца назад

      I started off slowly and built up my initial investment at $6. I made a small profit at the top of the candle, which now dips and I added back. This was my first trade, and I made $1,000 on it. After that, I increased the size of my position, becoming more aggressive and capping it at about 10,000 shares. Looking back, this was a nice move from 650 up to 750 all the way up to $8, and we peaked at $8.30 before pulling back.

    • @MyOpinionNow2024
      @MyOpinionNow2024 2 месяца назад

      @@HarrisKmorreti congrats

  • @chrisp3913
    @chrisp3913 2 месяца назад

    Do agencies usually get called? I have had 3 CD’s called in the last month?

  • @Someone-lc6dc
    @Someone-lc6dc 2 месяца назад

    I've got a question... I have an ETF with 20+ US bonds. The thing is that I was buying it at various times and at different prices. How can I figure out what my yield is? And... how can I find out how much potential this ETF has given the fact that some rate cuts are already baked in?

  • @ScottScott-b4h
    @ScottScott-b4h 2 месяца назад +2

    Picked up a block of 8 wk T-bills at 4.9% this morning. I'm ok with ST Treasuries until they fall below 3.5. But I don't need coupon payments. My equity side is crushing it with FXAIX right now. If the market takes another big plunge like last month I'll pick up some more of that index fund.

  • @edmalin9485
    @edmalin9485 2 месяца назад

    Still getting 5% plus 8 week t-bills

  • @ebrahimhabib477
    @ebrahimhabib477 2 месяца назад +1

    Very professional video

  • @Userllmaa
    @Userllmaa 2 месяца назад +1

    There are a lot to learn about bond investment. Too old to invest in bond?

  • @thereelphil
    @thereelphil 2 месяца назад +23

    I'm going to start putting my extra savings into Lottery scratch offs.

    • @g.t.richardson6311
      @g.t.richardson6311 2 месяца назад +2

      Smart
      T Rowe price has a nice lottery balanced fund that puts 25% in mega millions, 25% in daily numbers, 25% in 10/20$ scratch offs, 25% in the 1/2/5 scratch offs

    • @acilirp
      @acilirp 2 месяца назад

      Irrelevant comment.

    • @Robert-z8z1z
      @Robert-z8z1z 2 месяца назад +1

      @@acilirp Humor is as always relevant. The world needs more humor.

    • @g.t.richardson6311
      @g.t.richardson6311 2 месяца назад

      @@acilirp you ever heard of a joke?

    • @acilirp
      @acilirp 2 месяца назад

      @@g.t.richardson6311 but it isn't a funny comment.

  • @KevinDennehy-i1n
    @KevinDennehy-i1n 2 месяца назад

    Where does investing in Mortgage Back Securities fit into overall bond plan.?Inquiring minds want to know. Thanks

  • @Buffett305
    @Buffett305 2 месяца назад +2

    as yields go down, prices should go up. Are you considering buying bonds for the price appreciation?

    • @pdouglas3866
      @pdouglas3866 2 месяца назад

      Yields go down because prices DO go up. Like a teeter totter.

  • @SaadonAksah
    @SaadonAksah 2 месяца назад

    Agency bond. Ok got it 👍

  • @cryptog3509
    @cryptog3509 2 месяца назад

    We still bullish on tlt and tmf?

  • @zhenzhen2577
    @zhenzhen2577 2 месяца назад +3

    I do the same thing

  • @bryansmith307
    @bryansmith307 2 месяца назад

    Baby bonds are still yielding 7%+

  • @chuckawalla
    @chuckawalla 2 месяца назад

    Buying longer dated high grade Muni’s

  • @fabiang46
    @fabiang46 2 месяца назад

    Awesome video. Great question/ perfect answer

  • @kellylee514
    @kellylee514 2 месяца назад

    I should know this but the 20 year coupon is 4.125. Is that the rate I will get tomorrow if I buy?

    • @DiamondNestEgg
      @DiamondNestEgg  2 месяца назад

      That is the coupon/interest rate. The price/high yield is still to be determined. I think you are in Bond Beginners? If yes, you can refer to Module 5, Video D for more details.

    • @kellylee514
      @kellylee514 2 месяца назад

      @@DiamondNestEgg thank you. I just haven’t had time to open up the course & go through it all. Hoping someone can tell me what interest rate a 20 year bond with a 4.125 coupon , unit price 101.15982 equates to please? Thank you 😊

    • @DiamondNestEgg
      @DiamondNestEgg  2 месяца назад +1

      @@kellylee514 the 4.125% coupon is the interest rate. The auction high yield (which incorporates the price you paid) is 4.039%.

    • @kellylee514
      @kellylee514 2 месяца назад

      @@DiamondNestEgg thank you. It just came over on my email confirmation. 😉

  • @chrisp3913
    @chrisp3913 2 месяца назад

    Bond ETFs in a decreasing interest rate world or corporates. Pros and Cons?

  • @pk4459
    @pk4459 2 месяца назад

    Until we dip under 4% still a good investment all things considered. Given the political environment in the US Tbills are the safest refuge until we understand exactly what is going to happen in Jan 25. If everything goes smoothly with transfer of power expect a relief rally in equities.

  • @Rollochrome
    @Rollochrome 2 месяца назад +3

    I think Jennifer is single handedly keeping Izod afloat

    • @elileichter5395
      @elileichter5395 2 месяца назад +1

      Now that is very funny (in a very cute way)

    • @pauljoseph2400
      @pauljoseph2400 2 месяца назад +1

      @@elileichter5395 Looking sharp in the red Izod polo.

    • @hkraytai
      @hkraytai 2 месяца назад +2

      High quality products are sound investment.

  • @gregh7457
    @gregh7457 2 месяца назад +1

    just got my 5.3% 1 year cd called in.Its a small one only $1k but i sure hope that not going to happen too much as rates go down because i unfortunately have all callable cd's

    • @morrismonet3554
      @morrismonet3554 2 месяца назад +5

      They will all be called.

    • @gregh7457
      @gregh7457 2 месяца назад

      @@morrismonet3554 is that from personal experience or a hunch?

    • @g.t.richardson6311
      @g.t.richardson6311 2 месяца назад

      @@morrismonet3554 I have many locked in at 5%+ that are not callable
      Of course next year I won’t be getting that

  • @ThrowBackZone
    @ThrowBackZone 2 месяца назад

    Does anyone else feel like the bond market is turning into a game of musical chairs? With all these rate cuts, it's anyone's guess where the next high-yield opportunity will pop up! 🎶💰

  • @tomsoltess6636
    @tomsoltess6636 2 месяца назад +4

    TLT

  • @Mr.Switchy
    @Mr.Switchy 2 месяца назад +5

    FDLXX & SGOV

  • @bruceanderson8179
    @bruceanderson8179 Месяц назад

    What to invest in from a fixed income perspective pretty much depends upon your life stage. and of course, risk tolerance. If you're a younger saver and willing to stay on top of maturing short-term savings vehicles stick with T Bills in the foreseeable near term. If you're older, building a maturity ladder to complement equity investments I'd look at BBB and better rated non-callable corporates having 3-10 year maturities. One might also consider a high yield bond ETF, but I would not put more than 5% of my fixed income allocation in such an investment due to the risk. I've tried the agency route and what I've bought the last 12 months all but one has been called and I suspect it's just a matter of time for that to happen. The call risk is very high. I've also had some corporates and munis being called of late. Fixed income yields are going to be disappointing in the months to come and any callable bond or CD one might have may very well be called.

  • @shabpnd481
    @shabpnd481 2 месяца назад +1

    lets see how fast the fed takes this to under 1% yet again

    • @MyOpinionNow2024
      @MyOpinionNow2024 2 месяца назад

      lol, this is going to be an interesting ride.

  • @ClaudiaKuzounetsova
    @ClaudiaKuzounetsova 2 месяца назад

    TLT all day

  • @jeffknecht2733
    @jeffknecht2733 2 месяца назад

    Are you hesitant to buy CDs or other products from Marcus?
    I made minimum funding, $500, with a 2 and 3 year CD. I plan on fully funding in 3 days. I know to take comments on the Internet skeptically , but I've read many comments on getting your money from them upon maturities

    • @DiamondNestEgg
      @DiamondNestEgg  2 месяца назад +1

      Hi! I have added this onto Jennifer's live member Q&A for today. Best - Eva

  • @steve-on3234
    @steve-on3234 2 месяца назад

    TLT