Remarks by Jose "Joe" Fernandez
64 remarks on the record, newest first · Page 1 of 3
- Play at 2:41
“Okay, but we're supposed to put that in, in stocks anyway. And I believe it was a federated dividend income.”
Pension Board · Sep 12, 2025
- Play at 3:33
“Right, but what was I supposed to go into? My recollection, if I push for that trade, I know I was going somewhere. And I think we're, from my recollection, from what I recall, we're supposed to go right back into equities.”
Pension Board · Sep 12, 2025
- Play at 3:48
“Oh, okay. Well, look at the minutes. But I'll take the blame, but I don't think- I'm telling you, but this is a lesson for you. We never sell anything unless it's going into somewhere. The only time we sell anything is because it's going to be reallocated. So where was it reallocated to? That's my question to you now.”
Pension Board · Sep 12, 2025
- Play at 4:16
“It doesn't add up in my mind that we went to cash. We did that for either going back into the real estate that we're getting a call on now, or it was going to go into the slowing down into more of a value play, putting into the...”
Pension Board · Sep 12, 2025
- Play at 5:10
“Yeah, Brad, but I can assure you, I did not make the call of selling a million bucks and put it in cash. It was a million bucks and going to something else. If we need cash... David, help me out here. David.”
Pension Board · Sep 12, 2025
- Play at 7:20
“We had reasons, as David stated. We had reasons to put some cash aside. The market was doing pretty good. We're on the top of the market. Take a little bit off.”
Pension Board · Sep 12, 2025
- Play at 7:36
“Well, as I said, there was a reason for taking some money off the table. And we all agreed on it.”
Pension Board · Sep 12, 2025
- Play at 8:08
“I don't 100% agree with you. The other thing, what happened to that investment, the fellow that presented on the real estate play?”
Pension Board · Sep 12, 2025
- Play at 8:23
“But I thought part of the money was for that as well, because we said we're going to put about half a million bucks in there or something from my recollection. So what happened with that? That's another reason. I believe that we'll go through that.”
Pension Board · Sep 12, 2025
- Play at 51:52
“I'm just going to add to that. I think the easiest is going to be a joint account on any given bank. It's going to facilitate everything nice and easy as per Ron, you know, And the other thing, just to let you know, at a bank, once you create a joint account to receive those funds, you can also at the bank create a transfer on death, which means that ultimate, whoever the beneficiaries are, and I'm assuming this is an older couple, You can do a transfer of debt, and that way the beneficiaries will receive that money in case anything happens to the two owners of the joint account.”
Pension Board · Sep 12, 2025
- Play at 53:19
“I mean, I know you don't want to go out on a limb on there, but”
Pension Board · Sep 12, 2025
- Play at 53:26
“You might want to say it has to go into a joint account. I mean, not where you give me legal advice, but to let her know what to do, because then you're going to put the...”
Pension Board · Sep 12, 2025
- Play at 55:55
“All I want to add to that, Ron, is just somehow give them a clear path to, hey, a joint account is probably the best. Okay. Not us being on a limb. That's my suggestion. Because all you're going to do is you're going to throw legal jargon back to this folks that were trying to, you know, get this thing resolved. And then they're going to be having to go find legal counsel and figure out how, what, or whatever. This is pretty straightforward. Get a joint account.”
Pension Board · Sep 12, 2025
- Play at 56:20
“That's how we'll get it to you. And then she has the ability to do whatever she wants with the money.”
Pension Board · Sep 12, 2025
- Play at 56:50
“Yes, exactly. As I said, it has to be clear by, you know, the process has to be clear. But ultimately, if you can make it where they understand that, you know, that's probably the easiest path with us being on the hook for it. All I'm saying is it just creates, it reduces ambiguity and makes it clear.”
Pension Board · Sep 12, 2025
- Play at 1:11:53
“Yeah, I'd like to go to that. I think it would be helpful.”
Pension Board · Sep 12, 2025
- Play at 1:12:59
“I mean, might as well go for the whole experience.”
Pension Board · Sep 12, 2025
- Play at 1:13:30
“Oh, no, no. I mean, a hundred percent. And especially now that you are second that, that, that my, my request. Yes.”
Pension Board · Sep 12, 2025
- Play at 1:13:42
“Well, you're talking about the classes. Well, isn't that all part of a big package?”
Pension Board · Sep 12, 2025
- Play at 1:14:33
“My thoughts were, if I'm already involved with the City of South Miami Pension and continue to stay on to give service back, that going to these events, you always learn something new and then going through the through that fiduciary program, it's good for me to better understand what I'm doing. And also I figured it's also good for my business personally. So I figured it's a win-win to get better educated on the whole.”
Pension Board · Sep 12, 2025
- Play at 1:15:46
“Okay. Yeah. Sierra, the other daughter. I think, if anything, I'll gain something from it, and I think it's worth my investment and worth the pension's investment.”
Pension Board · Sep 12, 2025
- Play at 1:16:04
“I know. That's what I'm saying. I think it's a win-win. Alfredo pays for this. Unless Alfredo opposes, but I think it's better. The more I know, the better, I think.”
Pension Board · Sep 12, 2025
- Play at 1:16:35
“Yeah, I mean, you know, I've been living in this city for almost 30 years now. I figured I'm not going anywhere.”
Pension Board · Sep 12, 2025
- Play at 1:17:59
“Okay. Those are the benefits of being on the board, I guess. Yes.”
Pension Board · Sep 12, 2025
- Play at 1:18:29
“Well, I'm not caught up on all the... Yeah, you get free margaritas, too.”
Pension Board · Sep 12, 2025